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Grant of Restricted Stock Units

RhythmOne plc ((LSE AIM: RTHM, “Company” or “RhythmOne”), a global advertising technology company, announces that on 23 March 2018, it granted Michael Hudes, RhythmOne’s Chief Revenue Officer, restricted stock units (“RSUs”) representing 244,131 Ordinary Shares of the Company.  In addition, the Company announces that on the same day it granted Amy Rothstein, the Company’s Chief Legal Officer, RSUs representing 187,793 Ordinary Shares of the Company.

Vesting of Restricted Stock Units Granted

Mr. Hudes’ and Ms. Rothstein’s RSU grants shall vest 1/3 (or 33.33%) on the first anniversary of their start date and thereafter the remaining portion of the RSU grants shall vest each three-month period as to 8.33%, subject to certain performance criteria. 

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.

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. Michael Hudes

2.           

Reason for the Notification

a)

Position/status

Chief Revenue 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

Initial equity grant of restricted stock units (“RSUs”) pursuant to the 2017 International Equity Incentive Plan RhythmOne plc.

c)

Price(s) and volume(s)

                                               

Price(s)

Volume(s)

0

244,131

 Stock will vest over three years with a 1 year cliff and quarterly vesting thereafter subject to certain performance requirements.

d)

Aggregated information:

  • -Aggregated volume
  • -Price
  •          

 

-N/A (single Transaction)

e)

Date of the transaction

 23 March 2018

f)

Place of the transaction

London Stock Exchange

    

 

               

1.           

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Ms. Amy Rothstein

2.           

Reason for the Notification

a)

Position/status

Chief Legal 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

Initial equity grant of restricted stock units (“RSUs”) pursuant to the 2017 International Equity Incentive Plan RhythmOne plc.

c)

Price(s) and volume(s)

                                               

Price(s)

Volume(s)

0

187,793

 Stock will vest over three years with a 1 year cliff and quarterly vesting thereafter subject to certain performance requirements.

d)

Aggregated information:

  • -Aggregated volume
  • -Price
  •          

 

-N/A (single Transaction)

e)

Date of the transaction

 23 March 2018

f)

Place of the transaction

London Stock Exchange

    

 

For further enquiries:

Analyst and Investor Contact
Dan Slivjanovski
RhythmOne plc

Financial Media Contacts
Edward Bridges / Dwight Burden
FTI Consulting LLP
(UK) 020 3727 1000

Nomad and Broker for RhythmOne
Nick Westlake (Nomad) / Michael Wharton / Toby Adcock
Numis 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.