TIDMZOO
RNS Number : 8387M
Zoo Digital Group PLC
14 May 2020
14 May 2020
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 digital distribution 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, of which a proportion will replace
certain options previously issued under the ZOO Digital Group plc
EMI scheme.
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 110,000
Options which will vest after three years from issue. The Options
are exercisable at a price of 72.5 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
400,000 options which will vest after three years from issue. The
Options are exercisable at a price of 72.5 pence per share and are
subject to certain performance conditions related to Group revenue
growth and profitability.
At the same time that this grant of Options was made, the
Company, in agreement with Phillip Blundell, has cancelled certain
previous options granted to him in 2018, outlined below. The
aforementioned and below Options have been granted to Phillip
Blundell to replace those cancelled 2018 options cancelled. These
new, replacement Options will vest in May 2023, and are subject to
certain performance conditions related to Group revenue growth and
profitability.
Director Date of grant Scheme Number Exercise
of options price
Phillip Blundell September 2018 ZOO Digital Group plc EMI Scheme 250,000 123.5p
The resultant holdings of options by Gordon Doran and Phillip
Blundell are set out below:
Director No. of options No. of Options No of options Resultant interest
previously held granted cancelled in options
Gordon Doran 2,900,000 110,000 Nil 3,010,000
Phillip Blundell 400,000 400,000 250,000 550,000
A further 1,405,000 Options have been issued to other employees
which vest in May 2023 and are similarly subject to performance
conditions related to Group revenue growth and profitability.
All new Options have an exercise price of 72.5 pence per share,
being the closing mid-price on 13 May 2020, 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
8,390,818, equivalent to 11.26 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
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2. Reason for the notification
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a) Position/status: C hief Commercial Officer
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b) Initial notification/Amendment: Initial notification
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3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
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a) Name: ZOO Digital Group plc
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b) LEI: 213800377KWAPKN5HX30
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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
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a) Description of the financial Options over ordinary
instrument, type of instrument: shares of 1 penny each
Identification code:
GB00B1FQDL10
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b) Nature of the transaction: Issue of Options
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c) Price(s) and volume(s): Price(s) Volume(s)
72.5 pence 110,000
----------
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d) Aggregated information: Single transaction as
* Aggregated volume: in 4 c) above
* Price:
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e) Date of the transaction: 13/05/20
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f) Place of the transaction: Off market transaction
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1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Phillip Blundell
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2. Reason for the notification
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a) Position/status: C hief Financial Officer
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b) Initial notification/Amendment: Initial notification
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3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name: ZOO Digital Group plc
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b) LEI: 213800377KWAPKN5HX30
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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 Options over ordinary
instrument, type of instrument: shares of 1 penny each
Identification code:
GB00B1FQDL10
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b) Nature of the transaction: Issue of Options
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c) Price(s) and volume(s): Price(s) Volume(s)
72.5 pence 400,000
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d) Aggregated information: Single transaction as
* Aggregated volume: in 4 c) above
* Price:
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e) Date of the transaction: 13/05/20
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f) Place of the transaction: Off market transaction
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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
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Phillip Blundell - Chief Finance Officer
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Stifel Nicolaus Europe Limited
Fred Walsh +44 (0) 20 7710 7600
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Alma PR
Josh Royston / Helena Bogle +44 (0) 7780 901979
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About ZOO Digital Group plc:
ZOO Digital is a provider of services allowing TV and movie
content to be subtitled and dubbed in any language and prepared for
sale with all major online retailers. ZOO's clients are some of the
best-known brands in the world including major Hollywood studios,
global broadcasters and independent distributors.
ZOO's point of difference in the marketplace is its development
and use of innovative cloud technology. This ensures that content
is localised in any language and delivered to all the major online
platforms such as Amazon, iTunes, Google and Hulu with reduced time
to market, higher quality and lower costs. ZOO's agile, cloud-based
business model enables clients to respond to market trends, scale
easily with business growth and capitalise on new routes to market
in the fast moving and evolving digital industry.
ZOO operates from the entertainment hubs of Los Angeles and
London with a development and production centre in Sheffield. Its
full-service proposition includes digital distribution, subtitling
& captioning, metadata creation & localisation, dubbing,
artwork localisation, workflow and asset management.
www.zoodigital.com
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHSFEEFDESSESI
(END) Dow Jones Newswires
May 14, 2020 02:00 ET (06:00 GMT)
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