27 January 2022
ZOO DIGITAL GROUP PLC
("ZOO", the "Group" or the "Company")
Grant of Options
ZOO Digital Group plc, a world-leading provider of cloud-based localisation and media services to the global entertainment industry, announces that the Company has granted options over ordinary shares of 1 penny each (the "Ordinary Shares") in the Company (the "Options") to certain Directors and employees of the Company.
ZOO is granting these Options with the objective of attracting, motivating and retaining key staff over the long term; the Options are designed to incentivise delivery of the Company's growth objectives.
Gordon Doran, Chief Commercial Officer, has been granted 150,000 Options which will vest after three years from issue. The Options are exercisable at a price of 130 pence per share and are subject to certain performance conditions related to Group revenue growth and profitability.
Phillip Blundell, Chief Financial Officer, has been granted 150,000 Options which will vest after three years from issue. The Options are exercisable at a price of 130 pence per share and are subject to certain performance conditions related to Group revenue growth and profitability.
The resultant holdings of options by Gordon Doran and Phillip Blundell are set out below:
| Director | No. of options previously held | No. of Options granted | Resultant interest in options |
|
| Gordon Doran | 3,010,000 | 150,000 | 3,160,000 |
|
| Phillip Blundell | 550,000 | 150,000 | 700,000 | |
A further 2,580,000 Options have been issued to other employees which vest in April 2025 and are similarly subject to performance conditions related to Group revenue growth and profitability.
All new Options have an exercise price of 130 pence per share, being the closing mid-price on 25.1.2022, being the latest practicable date prior to the grant, and will lapse on the tenth anniversary of grant.
As a result of this grant, the total number of options issued is 10,918,181 equivalent to 12.47 per cent. of the current issued share capital of the Company.
| 1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name: | Gordon Doran | ||||
| 2. | Reason for the notification | |||||
| a) | Position/status: | Chief Commercial Officer | ||||
| b) | Initial notification/Amendment: | Initial notification | ||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name: | ZOO Digital Group plc | ||||
| b) | LEI: | 213800377KWAPKN5HX30 | ||||
| 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 1 penny each
GB00B1FQDL10 | ||||
| b) | Nature of the transaction: | Issue of Options | ||||
| c) | Price(s) and volume(s): |
| ||||
| d) | Aggregated information: · Aggregated volume: · Price: | Single transaction as in 4 c) above
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| e) | Date of the transaction: | 26/01/22 | ||||
| f) | Place of the transaction: | Off market transaction | ||||
| 1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name: | Phillip Blundell | ||||
| 2. | Reason for the notification | |||||
| a) | Position/status: | Chief Financial Officer | ||||
| b) | Initial notification/Amendment: | Initial notification | ||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name: | ZOO Digital Group plc | ||||
| b) | LEI: | 213800377KWAPKN5HX30 | ||||
| 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 1 penny each
GB00B1FQDL10 | ||||
| b) | Nature of the transaction: | Issue of Options | ||||
| c) | Price(s) and volume(s): |
| ||||
| d) | Aggregated information: · Aggregated volume: · Price: | Single transaction as in 4 c) above
| ||||
| e) | Date of the transaction: | 26/01/22 | ||||
| f) | Place of the transaction: | Off market transaction | ||||
The information communicated in this announcement includes inside information for the purposes of Article 7 Regulation 596/2014.
For further enquiries, please contact:
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About ZOO Digital Group plc:
ZOO Digital supports major Hollywood studios and streaming services to globalise their content and reach audiences everywhere, by providing world-leading, technology-enabled localisation and media services.
Founded in 2001, ZOO Digital operates from hubs in Los Angeles, London and Dubai, with a development and production centre in Sheffield, UK. The company is targeting $100m sales in the medium term.
The Group provides media services through its platforms that include: ZOOsubs, ZOOdubs, ZOOstudio. Its full-service proposition delivers the end-to-end services required to prepare both original and catalogue content for digital distribution; these services include dubbing, subtitling & captioning, metadata creation & localisation, artwork localisation and media processing. Alongside this offering, ZOO also provides its customers with management platforms and strategic solutions to support their own internal globalisation operations.
ZOO is a go-to service partner for media businesses looking to globalise their content across different territories, languages and distribution platforms. Using its innovative technology-enabled approach, ZOO helps its customers to reduce time to market, lower costs and deliver high quality products to their global audiences. The business has frameworks in place with all major Hollywood studios and streaming services. Its customers include Disney, NBCUniversal, HBO and ViacomCBS.
ZOO's competitive advantage arises from three interlinking factors - the leading role it has played in the digital transformation of its sector; the world class proprietary platforms that it develops to enable this transformation; and the global supply chain of thousands of freelancers, working collaboratively in ZOO's platforms, which delivers services that scale easily to meet demand. These factors combine to make ZOO uniquely geared to capitalise on new market opportunities in a fast-paced and constantly evolving industry.
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