BOOM Audioboom Group Plc

TIDMBOOM

RNS Number : 1845M

Audioboom Group PLC

20 May 2022

20 May 2022

Audioboom Group plc

("Audioboom" or the "Company")

Grant of share options

The Board ("Board") of Audioboom (AIM: BOOM), the leading global podcast company, announces that it has today granted the following options to subscribe for new ordinary shares in the Company ("Options") to certain of its directors:

 
 Director       Position           Options    Exercise   Total options 
                                    granted    price*     now held 
 Stuart         Chief Executive 
  Last           Officer           60,000     1555p      312,000 
               -----------------  ---------  ---------  -------------- 
                Chief Financial 
 Brad Clarke     Officer           60,000     1555p      270,000 
               -----------------  ---------  ---------  -------------- 
 

*derived from the latest 5 day volume weighted average price (VWAP) for an ordinary share

The grants have been made pursuant to the Company's share option scheme which was adopted on 19 May 2014 (the "Scheme"). The Options may vest and become exercisable over a three-year period, subject to the satisfaction of performance conditions relating to how the Company performs by reference to its internal budgets and external market expectations in each of the financial periods ending 31 December 2022, 31 December 2023 and 31 December 2024. They may also vest in certain other prescribed circumstances as provided for in the terms of the Scheme.

Following the above grant of Options, the Company has a total of 1,423,974 options to subscribe for new ordinary shares in the Company outstanding, which represents 8.7 per cent. of the Company's issued share capital.

The FCA notifications in respect of the above Option grants, made in accordance with the requirements of the UK Market Abuse Regulation, are appended below.

Enquiries

 
 Audioboom Group plc                          Tel: +44(0)20 3714 
                                               4285 
 Michael Tobin, Chairman 
  Stuart Last, Chief Executive Officer 
  Brad Clarke, Chief Financial Officer 
 
 finnCap Ltd (Nominated Adviser and Broker)   Tel: +44(0)20 7220 
                                               0500 
 Jonny Franklin-Adams/Abigail Kelly/Milesh 
  Hindocha (Corporate Finance) 
  Richard Chambers/Harriet Ward (ECM) 
 

About Audioboom

Audioboom Group plc ("Audioboom") is a global leader in podcasting - our shows are downloaded more than 126 million times each month by 34 million unique listeners around the world. Audioboom is ranked as the fourth largest podcast publisher in the US by Triton Digital.

Audioboom's ad-tech and monetisation platform underpins a scalable content business that provides commercial services for a premium network of 250 top tier podcasts, with key partners including 'Casefile True Crime' (US), 'Morbid' (US), 'True Crime Obsessed' (US), 'The Morning Toast' (US), 'No Such Thing As A Fish' (UK), and 'The Cycling Podcast' (UK).

Audioboom Studios is home to a slate of content developed and produced by Audioboom, including 'Dark Air with Terry Carnation', 'F1: Beyond The Grid', 'RELAX!', 'Covert', 'It's Happening with Snooki & Joey', 'Mafia', 'Huddled Masses' and 'What Makes A Killer'.

Audioboom operates internationally, with operations and global partnerships across North America, Europe, Asia and Australasia. The platform allows content to be distributed via Apple Podcasts, Spotify, Pandora, Amazon Music, Deezer, Google Podcasts, iHeartRadio, RadioPublic, Saavn, Stitcher, Facebook and Twitter as well as a partner's own websites and mobile apps.

For more information, visit audioboom.com.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             Stuart Last 
     -------------------------------  ----------------------------------- 
 2.   Reason for the Notification 
     -------------------------------------------------------------------- 
 a)   Position/status                  Chief Executive Officer 
     -------------------------------  ----------------------------------- 
 b)   Initial notification/Amendment   Initial notification 
     -------------------------------  ----------------------------------- 
 3.   Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or auction 
       monitor 
     -------------------------------------------------------------------- 
 a)   Name                             Audioboom Group plc 
     -------------------------------  ----------------------------------- 
 b)   LEI                              213800QO681575J97813 
     -------------------------------  ----------------------------------- 
 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                   Options to subscribe for Ordinary 
       the Financial instrument,        Shares of no par value 
       type of instrument 
      Identification                   ISIN: JE00BJYJFG60 
       code 
     -------------------------------  ----------------------------------- 
 b)   Nature of the transaction         Grant of options to subscribe for 
                                         Ordinary Shares of no par value 
     -------------------------------  ----------------------------------- 
 c)   Price(s) and volume(s)            Price(s)      Volume(s) 
                                         Exercise 
                                          price of 
                                          GBP15.55 
                                          per share    60,000 
                                                      ---------- 
     -------------------------------  ----------------------------------- 
 d)   Aggregated information:          N/A 
       --Aggregated volume 
       --Price 
     -------------------------------  ----------------------------------- 
 e)   Date of the transaction          20 May 2022 
     -------------------------------  ----------------------------------- 
 f)   Place of the transaction         Outside a trading venue 
     -------------------------------  ----------------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             Brad Clarke 
     -------------------------------  ---------------------------------- 
 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                             Audioboom Group plc 
     -------------------------------  ---------------------------------- 
 b)   LEI                              213800QO681575J97813 
     -------------------------------  ---------------------------------- 
 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                   Options to subscribe for Ordinary 
       the Financial instrument,        Shares of no par value 
       type of instrument 
      Identification                   ISIN: JE00BJYJFG60 
       code 
     -------------------------------  ---------------------------------- 
 b)   Nature of the transaction        Grant of options to subscribe for 
                                        Ordinary Shares of no par value 
     -------------------------------  ---------------------------------- 
 c)   Price(s) and volume(s)            Price(s)      Volume(s) 
                                         Exercise 
                                          price of 
                                          GBP15.55 
                                          per share    60,000 
                                                      ---------- 
     -------------------------------  ---------------------------------- 
 d)   Aggregated information: 
       --Aggregated volume               N/A 
       --Price 
     -------------------------------  ---------------------------------- 
 e)   Date of the transaction          20 May 2022 
     -------------------------------  ---------------------------------- 
 f)   Place of the transaction         Outside a trading venue 
     -------------------------------  ---------------------------------- 
 

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May 20, 2022 02:01 ET (06:01 GMT)