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REG - Zoo Digital Group - Grant of Options

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RNS Number : 7758Z  Zoo Digital Group PLC  27 January 2022

27 January 2022

 

ZOO DIGITAL GROUP PLC

("ZOO", the "Group" or the "Company")

 

Grant of Options

 

ZOO Digital Group plc, a world-leading provider of cloud-based localisation
and media services to the global entertainment industry, announces that the
Company has granted options over ordinary shares of 1 penny each (the
"Ordinary Shares") in the Company (the "Options") to certain Directors and
employees of the Company.

ZOO is granting these Options with the objective of attracting, motivating and
retaining key staff over the long term; the Options are designed to
incentivise delivery of the Company's growth objectives.

Gordon Doran, Chief Commercial Officer, has been granted 150,000 Options which
will vest after three years from issue.  The Options are exercisable at a
price of 130 pence per share and are subject to certain performance conditions
related to Group revenue growth and profitability.

Phillip Blundell, Chief Financial Officer, has been granted 150,000 Options
which will vest after three years from issue. The Options are exercisable at a
price of 130 pence per share and are subject to certain performance conditions
related to Group revenue growth and profitability.

The resultant holdings of options by Gordon Doran and Phillip Blundell are set
out below:

 

 Director          No. of options previously held  No. of Options granted  Resultant interest in options
 Gordon Doran      3,010,000                       150,000                 3,160,000
 Phillip Blundell  550,000                         150,000                 700,000

 

A further 2,580,000 Options have been issued to other employees which vest in
April 2025 and are similarly subject to performance conditions related to
Group revenue growth and profitability.

All new Options have an exercise price of 130 pence per share, being the
closing mid-price on 25.1.2022, being the latest practicable date prior to the
grant, and will lapse on the tenth anniversary of grant.

As a result of this grant, the total number of options issued is 10,918,181
equivalent to 12.47 per cent. of the current issued share capital of the
Company.

 

 1.            Details of the person discharging managerial responsibilities/person closely
               associated
 a)            Name:                                                         Gordon Doran
 2.            Reason for the notification
 a)            Position/status:                                              Chief Commercial Officer
 b)            Initial notification/Amendment:                               Initial notification
 3.            Details of the issuer, emission allowance market participant, auction
               platform, auctioneer or auction monitor
 a)            Name:                                                         ZOO Digital Group plc
 b)            LEI:                                                          213800377KWAPKN5HX30
 4.            Details of the transaction(s): section to be repeated for (i) each type of
               instrument; (ii) each type of transaction; (iii) each date; and (iv) each
               place where transactions have been conducted
 a)            Description of the financial instrument, type of instrument:  Options over ordinary shares of 1 penny each

               Identification code:

                                                                             GB00B1FQDL10
 b)            Nature of the transaction:                                    Issue of Options
 c)            Price(s) and volume(s):

Price(s)   Volume(s)
                                                                             130 pence  150,000

 
 d)            Aggregated information:                                       Single transaction as in 4 c) above

               ·      Aggregated volume:

               ·      Price:
 e)            Date of the transaction:                                      26/01/22
 f)            Place of the transaction:                                     Off market transaction

 

d)

Aggregated information:

·      Aggregated volume:

·      Price:

Single transaction as in 4 c) above

 

e)

Date of the transaction:

26/01/22

f)

Place of the transaction:

Off market transaction

 

 

 1.            Details of the person discharging managerial responsibilities/person closely
               associated
 a)            Name:                                                         Phillip Blundell
 2.            Reason for the notification
 a)            Position/status:                                              Chief Financial Officer
 b)            Initial notification/Amendment:                               Initial notification
 3.            Details of the issuer, emission allowance market participant, auction
               platform, auctioneer or auction monitor
 a)            Name:                                                         ZOO Digital Group plc
 b)            LEI:                                                          213800377KWAPKN5HX30
 4.            Details of the transaction(s): section to be repeated for (i) each type of
               instrument; (ii) each type of transaction; (iii) each date; and (iv) each
               place where transactions have been conducted
 a)            Description of the financial instrument, type of instrument:  Options over ordinary shares of 1 penny each

               Identification code:

                                                                             GB00B1FQDL10
 b)            Nature of the transaction:                                    Issue of Options
 c)            Price(s) and volume(s):

Price(s)   Volume(s)
                                                                             130 pence  150,000

 
 d)            Aggregated information:                                       Single transaction as in 4 c) above

               ·      Aggregated volume:

               ·      Price:
 e)            Date of the transaction:                                      26/01/22
 f)            Place of the transaction:                                     Off market transaction

 

d)

Aggregated information:

·      Aggregated volume:

·      Price:

Single transaction as in 4 c) above

 

e)

Date of the transaction:

26/01/22

f)

Place of the transaction:

Off market transaction

 

 

The information communicated in this announcement includes inside information
for the purposes of Article 7 Regulation 596/2014.

 

For further enquiries, please contact:

 

 ZOO Digital Group plc                     +44 (0) 114 241 3700
 Stuart Green - Chief Executive Officer
 Phillip Blundell - Chief Finance Officer

 Stifel Nicolaus Europe Limited            +44 (0) 20 7710 7600

 Fred Walsh /Tom Marsh

 Instinctif Partners                       +44 (0) 20 7457 2020
 Matthew Smallwood / Joe Quinlan           zoo@instinctif.com (mailto:zoo@instinctif.com)

 

 

 

 

About ZOO Digital Group plc:

ZOO Digital supports major Hollywood studios and streaming services to
globalise their content and reach audiences everywhere, by providing
world-leading, technology-enabled localisation and media services.

Founded in 2001, ZOO Digital operates from hubs in Los Angeles, London and
Dubai, with a development and production centre in Sheffield, UK. The company
is targeting $100m sales in the medium term.

The Group provides media services through its platforms that include: ZOOsubs,
ZOOdubs, ZOOstudio. Its full-service proposition delivers the end-to-end
services required to prepare both original and catalogue content for digital
distribution; these services include dubbing, subtitling & captioning,
metadata creation & localisation, artwork localisation and media
processing. Alongside this offering, ZOO also provides its customers with
management platforms and strategic solutions to support their own internal
globalisation operations.

ZOO is a go-to service partner for media businesses looking to globalise their
content across different territories, languages and distribution platforms.
Using its innovative technology-enabled approach, ZOO helps its customers to
reduce time to market, lower costs and deliver high quality products to their
global audiences. The business has frameworks in place with all major
Hollywood studios and streaming services. Its customers include Disney,
NBCUniversal, HBO and ViacomCBS.

ZOO's competitive advantage arises from three interlinking factors - the
leading role it has played in the digital transformation of its sector; the
world class proprietary platforms that it develops to enable this
transformation; and the global supply chain of thousands of freelancers,
working collaboratively in ZOO's platforms, which delivers services that scale
easily to meet demand. These factors combine to make ZOO uniquely geared to
capitalise on new market opportunities in a fast-paced and constantly evolving
industry.

 

www.zoodigital.com (http://www.zoodigital.com)

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