BANGO PLC
("Bango" or the "Company")
Share Options Grant and Director/PDMR Dealings
Cambridge, UK, 11 April 2024 - Bango (AIM: BGO), announces that on 10 April 2024, in line with the established policy of allocating employee share options, it has granted a total of 420,000 options to subscribe for ordinary shares of 20 pence each in the capital of Bango ("Options"), to Directors and Persons Discharging Managerial Responsibilities (PDMRs) of the Company as detailed below.
| Director / PDMR | Role / Position | Number of Options Granted |
| Paul Larbey | Chief Executive Officer and Director | 200,000 |
| Raymond Anderson | Executive Chair and Director | 50,000 |
| Anil Malhotra | Chief Marketing Officer and Director | 50,000 |
| Matthew Garner | Chief Financial Officer and Director | 50,000 |
| Wayne Griffiths | Chief Operating Officer and PDMR | 45,000 |
| Rachel Christine Ellis | Company Secretary and PDMR | 25,000 |
All of the Options have an exercise price of 116 pence per share, being the closing price on 9 April 2024 (the "Exercise Price") under the Bango Employee Share Option Scheme. The options for the Executive Directors (being Paul Larbey, Raymond Anderson, Anil Malhotra and Matthew Garner) vest after three years, in one tranche, subject to the satisfaction of certain performance conditions. All other options vest over a three-year period, in twelve equal instalments, one twelfth each quarter. All options may be exercised up to the tenth anniversary of the date of grant and have been granted as part of The Bango Employee Share Option Scheme.
Contact Details:
| Bango PLC | Singer Capital Markets (Nominated Adviser and Broker) |
| +44 1223 617 387 | +44 20 7496 3000 |
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| Paul Larbey, CEO | Harry Gooden |
| Matt Garner, CFO | Jen Boorer |
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| Asha Chotai |
About Bango
Bango enables content providers to reach more paying customers through global partnerships. Bango revolutionized the monetization of digital content and services, by opening-up online payments to mobile phone users worldwide. Today, the Digital Vending Machine® is driving the rapid growth of the subscriptions economy, powering choice and control for subscribers.
The world's largest content providers, including Amazon (NASDAQ: AMZN), Google (NASDAQ: GOOG) and Microsoft (NASDAQ: MSFT) trust Bango technology to reach subscribers everywhere.
Bango, where people subscribe. For more information, visit www.bangoinvestor.com
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 | Paul Douglas Larbey | ||||
| 2 | Reason for notification |
| ||||
| a) | Position/Status | Chief Executive Officer and Director | ||||
| b) | Initial notification/Amendment | Initial Notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
| ||||
| a) | Name | Bango PLC | ||||
| b) | LEI | 213800V5MWHQCL7RF574 | ||||
| 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 20 pence each GB00B0BRN552 | ||||
| b) | Nature of the transaction | Grant of Share Options pursuant to The Bango Employee Share Option Scheme. | ||||
| c) | Price(s) and volume(s)
|
| ||||
| d) | Aggregated information - Aggregated volume - Price | N/A Single Transaction
| ||||
| e) | Date of the transaction | 10 April 2024 | ||||
| f) | Place of the transaction | Off market |
| 1 | Details of the person discharging managerial responsibilities/person closely associated |
| ||||
| a) | Name | Raymond Anderson | ||||
| 2 | Reason for notification |
| ||||
| a) | Position/Status | Executive Chair and Director | ||||
| b) | Initial notification/Amendment | Initial Notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
| ||||
| a) | Name | Bango PLC | ||||
| b) | LEI | 213800V5MWHQCL7RF574 | ||||
| 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 20 pence each GB00B0BRN552 | ||||
| b) | Nature of the transaction | Grant of Share Options pursuant to The Bango Employee Share Option Scheme. | ||||
| c) | Price(s) and volume(s)
|
| ||||
| d) | Aggregated information - Aggregated volume - Price | N/A Single Transaction
| ||||
| e) | Date of the transaction | 10 April 2024 | ||||
| f) | Place of the transaction | Off market |
| 1 | Details of the person discharging managerial responsibilities/person closely associated |
| ||||
| a) | Name | Anil Malhotra | ||||
| 2 | Reason for notification |
| ||||
| a) | Position/Status | Chief Marketing Officer and Director | ||||
| b) | Initial notification/Amendment | Initial Notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
| ||||
| a) | Name | Bango PLC | ||||
| b) | LEI | 213800V5MWHQCL7RF574 | ||||
| 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 20 pence each
GB00B0BRN552 | ||||
| b) | Nature of the transaction | Grant of Share Options pursuant to The Bango Employee Share Option Scheme | ||||
| c) | Price(s) and volume(s)
|
| ||||
| d) | Aggregated information - Aggregated volume - Price | N/A Single Transaction
| ||||
| e) | Date of the transaction | 10 April 2024 | ||||
| f) | Place of the transaction | Off market |
| 1 | Details of the person discharging managerial responsibilities/person closely associated |
| ||||
| a) | Name | Matthew Jonathan Garner | ||||
| 2 | Reason for notification |
| ||||
| a) | Position/Status | Chief Financial Officer and Director | ||||
| b) | Initial notification/Amendment | Initial Notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
| ||||
| a) | Name | Bango PLC | ||||
| b) | LEI | 213800V5MWHQCL7RF574 | ||||
| 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 20 pence each GB00B0BRN552 | ||||
| b) | Nature of the transaction | Grant of Share Options pursuant to The Bango Employee Share Option Scheme | ||||
| c) | Price(s) and volume(s)
|
| ||||
| d) | Aggregated information - Aggregated volume - Price | N/A Single Transaction
| ||||
| e) | Date of the transaction | 10 April 2024 | ||||
| f) | Place of the transaction | Off market |
| 1 | Details of the person discharging managerial responsibilities/person closely associated |
| ||||
| a) | Name | Wayne Griffiths | ||||
| 2 | Reason for notification |
| ||||
| a) | Position/Status | Chief Operating Officer and PDMR | ||||
| b) | Initial notification/Amendment | Initial Notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
| ||||
| a) | Name | Bango PLC | ||||
| b) | LEI | 213800V5MWHQCL7RF574 | ||||
| 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 20 pence each GB00B0BRN552
| ||||
| b) | Nature of the transaction | Grant of Share Options pursuant to The Bango Employee Share Option Scheme | ||||
| c) | Price(s) and volume(s)
|
| ||||
| d) | Aggregated information - Aggregated volume - Price | N/A Single Transaction
| ||||
| e) | Date of the transaction | 10 April 2024 | ||||
| f) | Place of the transaction | Off market |
| 1 | Details of the person discharging managerial responsibilities/person closely associated |
| ||||
| a) | Name | Rachel Christine Ellis | ||||
| 2 | Reason for notification |
| ||||
| a) | Position/Status | Company Secretary and PDMR | ||||
| b) | Initial notification/Amendment | Initial Notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
| ||||
| a) | Name | Bango PLC | ||||
| b) | LEI | 213800V5MWHQCL7RF574 | ||||
| 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 20 pence each GB00B0BRN552 | ||||
| b) | Nature of the transaction | Grant of Share Options pursuant to The Bango Employee Share Option Scheme | ||||
| c) | Price(s) and volume(s)
|
| ||||
| d) | Aggregated information - Aggregated volume - Price | N/A Single Transaction
| ||||
| e) | Date of the transaction | 10 April 2024 | ||||
| f) | Place of the transaction | Off market |
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