London, England and San Francisco, CA – 24th June 2016 - RhythmOne plc (“RhythmOne” or the “Company”) announces that on 20th June 2016, the following ordinary shares vested as part of the grant of restricted stock units under the US Share Plan for Senior Executives announced by the Company on 17th September 2013:
- 50,000 in the name of Subhransu Mukherjee; and
- 16,667 in the name of Suranga Chandratillake
Each Director exercised his option to fund the tax obligation that arose from the vesting of the shares and now owns the shares indicated above.
Following this vesting:
- Mr. Mukherjee has 50,000 restricted stock units, 9,080,000 unexercised share options and 800,000 ordinary shares, together representing 2.45% of the Total Voting Rights of the Company.
- Mr. Chandratillake has 16,663 restricted stock units, 2,487,179 unexercised share option and 176,437 ordinary shares in the Company, together representing 0.66% of the Total Voting Rights of the Company.
For further information, please contact:
Analyst and Investor Contact
Financial Media Contacts
Edward Bridges/Charles Palmer
FTI Consulting LLP
(UK) 020 3727 1000
NOMAD and Joint Broker for blinkx plc
Citigroup Global Markets Limited
(UK) 020 7986 9756
Joint Broker for blinkx plc
Lorna Tilbian/Mark Lander/Nick Westlake
Numis Securities Limited
(UK) 020 7260 1000
RhythmOne is an online advertising company that connects digital audiences with brands through premium content across devices. Founded in 2004 as a pioneer of video search, RhythmOne works with advertisers, publishers and content providers to offer fully integrated, cross-screen advertising solutions that span desktop and mobile video, rich media, display, social and native formats. Through its fully integrated programmatic platform, RhythmMax, the Company represents inventory across owned, controlled and extended supply sources. The RhythmMax platform includes specialized brand safety technology, RhythmGuard, which combines leading third-party verification methodologies with proprietary filtering technology to ensure quality inventory in brand safe environments. RhythmOne’s mission is to maximize return on spend by providing the most efficient and effective marketplace for digital advertising.
The Company is headquartered in San Francisco, California with offices in the US, UK and Canada. For more information please visit www.rhythmone.com.