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Director/PDMR Shareholding Notification

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 instrument, type of instrument

Ordinary shares of £0.10 each in the Company (“Ordinary Shares”)

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)

£0.10

27,574

 

d)

Aggregated information:

  • -Aggregated volume
  • -Price
  •          

 

-Aggregated volume: 27,574 Ordinary Shares
          -Aggregated price: £2,757.40

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 instrument, type of instrument

Ordinary shares of £0.10 each in the Company (“Ordinary Shares”)

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)

£2.2466

7,830

 

d)

Aggregated information:

  • -Aggregated volume
  • -Price
  •          

 

-Aggregated volume: 7,830 Ordinary Shares
          -Aggregated price: £17,590.88

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 instrument, type of instrument

Ordinary shares of £0.10 each in the Company (“Ordinary Shares”)

Identification code

GB00BYW0RC64

b)

Nature of the transaction

Cancellation of 82,723 RSUs with a price of £0.10 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)

£0.00

82,723

 

d)

Aggregated information:

  • -Aggregated volume
  • -Price
  •          

 

-Aggregated volume: 82,723 Ordinary Shares
          -Aggregated price: £0.00

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 instrument, type of instrument

Ordinary shares of £0.10 each in the Company (“Ordinary Shares”)

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 £0.10 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)

£0.00

173,660

 

d)

Aggregated information:

  • -Aggregated volume
  • -Price
  •          

 

-Aggregated volume: 173,660 RSUs
          -Aggregated price: £0.00

e)

Date of the transaction

14 September 2018

f)

Place of the transaction

London Stock Exchange