30 April 2024
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 granted
|
Exercise price*
|
Total options now held**
|
|
Stuart Last
|
Chief Executive Officer
|
60,000
|
240p
|
355,334
|
|
Brad Clarke
|
Chief Financial Officer
|
60,000
|
240p
|
313,334
|
*derived from the latest 5 day
volume weighted average price (VWAP) for an ordinary
share
**both directors have agreed with
the Company to forfeit and cancel 60,000 options previously granted
with an exercise price of £15.55 per share. In addition, both
directors have forfeited 16,666 previously granted options
following non-fulfilment of attached performance conditions
(relating to meeting initial market expectations as to revenue and
EBITDA for the year ended 31 December 2023)
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 (in respect of 50% of
the Options) 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 2024, 31 December 2025 and 31 December
2026. They may also vest in certain other prescribed
circumstances as provided for in the terms of the
Scheme.
The Board has also granted 346,157
options to non-PDMR employees, largely in replacement of 271,157
options that were previously granted at an exercise price of £15.55
per share which have now been forfeited and
cancelled.
Following the above grant of
Options, the Company has a total of 1,706,118 options to subscribe
for new ordinary shares in the Company outstanding, which
represents approximately 10.4 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
|
|
|
Stuart Last, Chief Executive
Officer
Brad Clarke, Chief Financial
Officer
|
Tel: +44(0)20 3714 4285
|
|
Cavendish Capital Markets Ltd (Nominated Adviser and
Broker)
|
|
|
Jonny Franklin-Adams/Abigail
Kelly/Rory Sale (Corporate Finance)
Harriet Ward (ECM)
|
Tel: +44(0)20 7220 0500
|
About Audioboom
Audioboom is a global leader in
podcasting - our shows are downloaded more than 135 million times
each month by 38 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, distribution, marketing and production services for a
premium network of top tier podcasts. Key partners include the
official Formula 1 podcasts 'F1: Beyond the Grid' and 'F1 Nation',
'Casefile True Crime' (US), 'True Crime Obsessed' (US), 'The Tim
Dillon Show' (US), 'No Such Thing As A Fish' (UK) and 'The Cycling
Podcast' (UK).
Audioboom operates internationally,
with global partnerships across North America, Europe, Asia and
Australia. The platform distributes content via Apple Podcasts,
YouTube, Spotify, Pandora, Amazon Music, Google Podcasts,
iHeartRadio, 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 the Financial
instrument, type of instrument
|
Options to subscribe for Ordinary
Shares of no par value
|
|
Identification code
|
ISIN: JE00BJYJFG60
|
|
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 £2.40 per
share
|
60,000
|
|
|
d)
|
Aggregated information:
·Aggregated volume
·Price
|
N/A
|
|
e)
|
Date of the transaction
|
30 April 2024
|
|
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 the Financial
instrument, type of instrument
|
Options to subscribe for Ordinary
Shares of no par value
|
|
Identification code
|
ISIN: JE00BJYJFG60
|
|
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 £2.40 per
share
|
60,000
|
|
|
d)
|
Aggregated information:
·Aggregated volume
·Price
|
N/A
|
|
e)
|
Date of the transaction
|
30 April 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|