Zoo Digital Regulatory News (ZOO)

31 Aug 2007 15:15

Zoo Digital Group PLC31 August 2007 ZOO Digital Group plc (the "Company") Grant of options The Board of ZOO Digital Group plc announces that on 31 August 2007 the Boardgranted in total 2,265,416 options to its employees, all of which are capable ofbeing exercised at an exercise price of 26.5 pence per share, of which thefollowing were granted to the following directors: Director No. of Percentage of options issued share granted capital Dr Christopher Honeyborne (Chairman) 30,000 0.17% Dr Stuart Green (Chief Executive Officer) 175,000 0.98% Helen Gilder (Group Finance Director) 450,000 2.51% Ian Stewart (Non-Executive Director) 30,000 0.17% Total 685,000 3.83% All options granted to the aforementioned directors and those granted to seniormanagers are subject to the following performance criteria: 40 per cent. of the Options may be exercised provided that a Market Price of£0.75 per share or above has been achieved and maintained for a continuousperiod of 1 calendar month ending not earlier than the first anniversary of theDate of Grant. A further 30 per cent. of the Options may be exercised provided that a MarketPrice of £1.25 per Share or above has been achieved and maintained for acontinuous period of 1 calendar month ending not earlier than the secondanniversary of the Date of Grant. The final 30 per cent. of the Options may be exercised provided that a MarketPrice of £1.75 per Share or above has been achieved and maintained for acontinuous period of 1 calendar month ending not earlier than the thirdanniversary of the Date of Grant. The Board of ZOO Digital Group plc also announces that, on 31 August 2007, thetrustees of the ZOO Employee Share Trust Limited (the "ZEST") transferred40,781 ordinary shares in the Company to the trustees of the ZOO Digital Groupplc, Inland Revenue approved, Share Incentive Plan (the "Plan") forappropriation to employees of the ZOO group of companies under the terms of thePlan which is an all-employee scheme as dictated by the Inland Revenue rules.The share transfer included the award of ordinary shares to executive directorsof the Company. Stuart Green (Chief Executive Officer) and Helen Gilder (GroupFinance Director) have each been awarded, at nil cost, 1,200 ordinary sharesunder the terms of the Plan. For further enquiries please contact: ZOO Digital Group plc Tel: 0114 241 3700Stuart Green - Chief Executive OfficerHelen Gilder - Group Finance Director KBC Peel Hunt Ltd Tel: 020 7418 8900Richard Kauffer/James Bryce Weber Shandwick Financial Tel: 020 7067 0700Nick Dibden/Charlie Hooper Notes to Editors About ZOO Digital Group plc ZOO is an innovative software solutions company that helps video publishers andrights owners maximise revenues and profits by exploiting their content acrossmultiple platforms, languages and territories. ZOO has a portfolio of over 60patents (granted or pending) and a depth of knowledge in digital media processeswhich has few rivals. ZOO's key products include: Interactive DVD software - world leading tool for creating interactive DVDs.Most of the interactive titles played on any household DVD player are made withZOO's software. Notable titles include 'Who Wants to be a Millionaire?', 'Question of Sport' and 'Madagascar - Animal Trivia Game'. Multi-language production software - technology to 'localise' text that appearsin digital media. This software automates the localisation process for videopublishers. Previously, highly-skilled technicians were required to manipulategraphical data. Now, with ZOO's software, text that needs translation isextracted and replaced with corresponding translations - reducing time, errorsand labour costs. Template Authoring System (TAS) - technology to automate the production oflinear (movies & TV shows) digital media. With this automation comes asignificant reduction in time-to-value for the intellectual property, as well asradically changing the economies of publishing back catalogues. TAS has beendesigned to accommodate current and future video-based technologies. By definingtemplates for different platforms, alternative versions of the titles - such asHD DVD and Blu-ray Disc can be quickly and easily created using the same systembut different asset data. This information is provided by RNS The company news service from the London Stock Exchange