Share Issue/Capital Change • May 14, 2020
Share Issue/Capital Change
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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 of options | Exercise 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 previously held | No. of Options granted | No of options cancelled | Resultant interest 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
2.
Reason for the notification
a)
Position/status:
Chief Commercial Officer
b)
Initial notification/Amendment:
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name:
ZOO Digital Group plc
b)
LEI:
213800377KWAPKN5HX30
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:
Identification code:
Options over ordinary shares of 1 penny each
GB00B1FQDL10
b)
Nature of the transaction:
Issue of Options
c)
Price(s) and volume(s):
| Price(s) | Volume(s) |
| 72.5 pence | 110,000 |
d)
Aggregated information:
· Aggregated volume:
· Price:
Single transaction as in 4 c) above
e)
Date of the transaction:
13/05/20
f)
Place of the transaction:
Off market transaction
1.
Details of the person discharging managerial responsibilities/person closely associated
a)
Name:
Phillip Blundell
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:
ZOO Digital Group plc
b)
LEI:
213800377KWAPKN5HX30
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:
Identification code:
Options over ordinary shares of 1 penny each
GB00B1FQDL10
b)
Nature of the transaction:
Issue of Options
c)
Price(s) and volume(s):
| Price(s) | Volume(s) |
| 72.5 pence | 400,000 |
d)
Aggregated information:
· Aggregated volume:
· Price:
Single transaction as in 4 c) above
e)
Date of the transaction:
13/05/20
f)
Place of the transaction:
Off market transaction
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 | |
| Phillip Blundell - Chief Finance Officer | |
| Stifel Nicolaus Europe Limited Fred Walsh |
+44 (0) 20 7710 7600 |
| Alma PR Josh Royston / Helena Bogle |
+44 (0) 7780 901979 |
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.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
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