RhythmOne PLC Director/PDMR Shareholding (9041D)
October 12 2018 - 6:22AM
UK Regulatory
TIDMRTHM
RNS Number : 9041D
RhythmOne PLC
12 October 2018
12 October 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. Karim Rayes
2. Reason for the Notification
a) Position/status Senior Vice President, Products and Business
Development
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 Ordinary shares of GBP0.10 each in the
instrument, type of Company ("Ordinary Shares")
instrument
Identification code GB00BYW0RC64
b) Nature of the transaction Acquisition following the automatic vesting
of 27,574 Restricted Stock Units ("RSUs")
granted under the terms of the 2017 International
Equity Incentive Plan RhythmOne plc,
resulting in the issue of 27,574 Ordinary
Shares
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.10 27,574
d) Aggregated information: -Aggregated volume: 27,574 Ordinary Shares
* Aggregated volume -Aggregated price: GBP2,757.40
* Price
e) Date of the transaction 2 September 2018
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 Ordinary shares of GBP0.10 each in the
instrument, type of Company ("Ordinary Shares")
instrument
Identification code GB00BYW0RC64
b) Nature of the transaction Sale of 7,830 Ordinary Shares to fund
the tax liability due in respect of the
vesting commencing on 2 September 2018
of the 27,574 RSUs referred to above.
c) Price(s) and volume(s) Price(s) Volume(s)
GBP2.2466 7,830
d) Aggregated information: -Aggregated volume: 7,830 Ordinary Shares
* Aggregated volume -Aggregated price: GBP17,590.88
* Price
e) Date of the transaction 2 September 2018
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 Ordinary shares of GBP0.10 each in the
instrument, type of Company ("Ordinary Shares")
instrument
Identification code GB00BYW0RC64
b) Nature of the transaction Cancellation of 82,723 RSUs with a price
of GBP0.10 granted on 14 September 2017
to be replaced with RSUs subject to certain
vesting conditions
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.00 82,723
d) Aggregated information: -Aggregated volume: 82,723 Ordinary Shares
* Aggregated volume -Aggregated price: GBP0.00
* Price
e) Date of the transaction 14 September 2018
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 Ordinary shares of GBP0.10 each in the
instrument, type of Company ("Ordinary Shares")
instrument
Identification code GB00BYW0RC64
b) Nature of the transaction Grant of 173,660 RSUs under the terms
of the 2017 International Equity Incentive
Plan RhythmOne plc with a price of GBP0.10
to be paid at the time the RSU vests.
These RSUs are subject to a one-year
cliff, at which time 33.33% of the RSUs
will vest and thereafter vesting will
occur every three months over the following
two years in equal 8.33% increments.
These RSUs are subject to certain vesting
conditions.
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.00 173,660
d) Aggregated information: -Aggregated volume: 173,660 RSUs
* Aggregated volume -Aggregated price: GBP0.00
* Price
e) Date of the transaction 14 September 2018
f) Place of the transaction London Stock Exchange
- End -
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END
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