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3 Apr 2018 07:00
For Immediate Release 3 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. Dan Slivjanovski | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Chief Operating 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 55,259 Restricted Stock Units ("RSUs") granted under the terms of the 2017 Plan, resulting in the issue of 55,259 Ordinary Shares | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information: - -Aggregated volume -Price |
-Aggregated volume: 55,259 Ordinary Shares -Aggregated price: £0.10 | ||||
e) | Date of the transaction | 2 March 2018* *Although the automatic vesting of the RSUs took place on 2 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 28 March 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 24,757 Ordinary Shares to fund the tax liability due in respect of the vesting of the 55,259 RSUs on 28 March 2018 referred to above | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information: - -Aggregated volume - -Price |
-Aggregated volume: 24,757 Ordinary Shares -Aggregated price: £1.785332 | ||||
e) | Date of the transaction | 28 March 2018 | ||||
f) | Place of the transaction | London Stock Exchange | ||||
For further enquiries:
Analyst and Investor ContactDan SlivjanovskiRhythmOne plc
Financial Media ContactsEdward Bridges / Dwight BurdenFTI Consulting LLP(UK) 020 3727 1000
Nomad and Broker for RhythmOneNick Westlake (Nomad) / Michael Wharton / Toby AdcockNumis 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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