5 Apr 2018 09:00
4 April 2018
RhythmOne plc
("RhythmOne" or the "Company")
Director/PDMR Shareholding Notification
The PDMR notifications below made under Article 19.1 of the EU Market Abuse Regulation ("MAR") relate to the vesting of restricted stock units granted under the terms of the RhythmOne plc 2017 International Equity Incentive Plan (the "2017 Plan"). This announcement is made in accordance with Article 19.3 of MAR.
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 | Mr. Ed Reginelli | ||||
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 | RhythmOne plc | ||||
b) | LEI | 213800MZEQLXEIOJ9N61 | ||||
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 | Ordinary shares of £0.10 each in the Company ("Ordinary Shares") | ||||
Identification code | GB00BYW0RC64 | |||||
b) | Nature of the transaction | Acquisition following the automatic vesting of 48,866 Restricted Stock Units ("RSUs") granted under the terms of the 2017 Plan, resulting in the issue of 48,866 Ordinary Shares | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information: - -Aggregated volume - -Price |
-Aggregated volume: 48,866 Ordinary Shares-Aggregated price: £0.10 | ||||
e) | Date of the transaction | 29 March 2018* *Although the automatic vesting of the RSUs took place on 29 March 2018, the Ordinary Shares issued pursuant to such vesting were not settled in the account of the PDMR until the completion of the sales of Ordinary Shares to fund the tax liability in respect of thereof on 3 April 2018 (as set below)
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f) | Place of the transaction | London Stock Exchange | ||||
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 | Ordinary Shares | ||||
Identification code | GB00BYW0RC64 | |||||
b) | Nature of the transaction | Sale of 17,871 Ordinary Shares to fund the tax liability due in respect of the vesting of the 48,866 RSUs on 29 March 2018 referred to above | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information: - -Aggregated volume - -Price |
-Aggregated volume: 17,871 Ordinary Shares-Aggregated price: £1.7200 | ||||
e) | Date of the transaction | 3 April 2018 | ||||
f) | Place of the transaction | London Stock Exchange | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Mr. Michael Hudes | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Chief Revenue Officer | ||||
b) | Initial Notification/Amendment | Initial Notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | RhythmOne plc | ||||
b) | LEI | 213800MZEQLXEIOJ9N61 | ||||
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 | Ordinary shares of £0.10 each in the Company ("Ordinary Shares") | ||||
Identification code | GB00BYW0RC64 | |||||
b) | Nature of the transaction | Acquisition following the automatic vesting of 21,413 Restricted Stock Units ("RSUs") granted under the terms of the 2017 Plan, resulting in the issue of 21,413 Ordinary Shares | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information: - -Aggregated volume - -Price |
-Aggregated volume: 21,413 Ordinary Shares-Aggregated price: £0.00 | ||||
e) | Date of the transaction | 2 March 2018 and 3 March 2018* *Although the automatic vesting of the RSUs took place on 2 March 2018 and 3 March 2018, the Ordinary Shares issued pursuant to such vesting were not settled in the account of the PDMR until the completion of the sales of Ordinary Shares to fund the tax liability in respect of thereof on 3 April 2018 (as set below)
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f) | Place of the transaction | London Stock Exchange | ||||
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 | Ordinary Shares | ||||
Identification code | GB00BYW0RC64 | |||||
b) | Nature of the transaction | Sale of 8,790 Ordinary Shares to fund the tax liability due in respect of the vesting of the 21,413 RSUs on 2 March 2018 and 3 March 2018 referred to above | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information: - -Aggregated volume - -Price |
-Aggregated volume: 8,790 Ordinary Shares-Aggregated price: £1.7200 | ||||
e) | Date of the transaction | 3 April 2018 | ||||
f) | Place of the transaction | London Stock Exchange | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Ms. Amy Rothstein | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Chief Legal Officer | ||||
b) | Initial Notification/Amendment | Initial Notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | RhythmOne plc | ||||
b) | LEI | 213800MZEQLXEIOJ9N61 | ||||
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 | Ordinary shares of £0.10 each in the Company ("Ordinary Shares") | ||||
Identification code | GB00BYW0RC64 | |||||
b) | Nature of the transaction | Acquisition following the automatic vesting of 7,606 Restricted Stock Units ("RSUs") granted under the terms of the 2017 Plan, resulting in the issue of 7,606 Ordinary Shares | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information: - -Aggregated volume - -Price |
-Aggregated volume: 7,606 Ordinary Shares-Aggregated price: £0.00 | ||||
e) | Date of the transaction | 3 March 2018 and 24 March 2018* *Although the automatic vesting of the RSUs took place on 3 March 2018 and 24 March 2018, the Ordinary Shares issued pursuant to such vesting were not settled in the account of the PDMR until the completion of the sales of Ordinary Shares to fund the tax liability in respect of thereof on 3 April 2018 (as set below)
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f) | Place of the transaction | London Stock Exchange | ||||
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 | Ordinary Shares | ||||
Identification code | GB00BYW0RC64 | |||||
b) | Nature of the transaction | Sale of 3,037 Ordinary Shares to fund the tax liability due in respect of the vesting of the 7,606 RSUs on 3 April 2018 referred to above | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information: - -Aggregated volume - -Price |
-Aggregated volume: 3,037 Ordinary Shares-Aggregated price: £1.7200 | ||||
e) | Date of the transaction | 3 April 2018 | ||||
f) | Place of the transaction | London Stock Exchange | ||||
For further enquiries:
Analyst and Investor Contact
Dan Slivjanovski
RhythmOne plc
Financial Media Contacts
Edward Bridges / Dwight Burden
FTI Consulting LLP
(UK) 020 3727 1000
Nomad and Broker for RhythmOne
Nick Westlake (Nomad) / Michael Wharton / Toby Adcock
Numis Securities Limited
(UK) 020 7260 1000
About RhythmOne
RhythmOne drives engagement between advertisers and targeted audiences - resulting in real, measurable business outcomes. We offer fully integrated, cross-screen solutions that span desktop, mobile, and connected TV ("CTV") across high-impact video, rich media, display, social, and native advertising formats - ensuring advertisers reach high-propensity audiences wherever and however they consume content. The connections we make are further enhanced through unique audience data and powered by our unified programmatic platform, RhythmMax. RhythmMax includes unique verification technology, RhythmGuard, which ensures quality audiences in brand safe environments. This end-to-end platform - coupled with the world-class service of our account teams - provides more direct, efficient, and effective connections, driving ROI for advertisers and publishers. Founded in 2004 in the UK, RhythmOne is headquartered in San Francisco with offices in the US, UK, Europe, APAC, and Canada. For more information, please visit www.rhythmone.com.
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