Rightster Group plc – Grant of Options

February 8th, 2016

Rightster Group PLC (“Rightster” or the “Company”)

Grant of Options

 

Rightster Group plc (LSE AIM: RSTR) announces that, as set out in its announcement on 18 December 2015 (“Announcement”), the Company has now put in place a pool of options representing 12.5 per cent. of the Company’s total issued share capital (“Options”). These Options will form part of the Company’s current EMI scheme and be used to attract new members of staff and for the incentivisation of existing Company employees over the 10 year period of the scheme’s life.

 

As notified in the Announcement, the executive directors were granted the following Options on 8 February 2016:

  • Ashley MacKenzie, CEO, has been granted 17,074,309 Options, representing 3% of the issued share capital;
  • Richard Mansell, COO, has been granted 11,382,873 Options, representing 2% of the issued share capital; and
  • Niall Dore, CFO, has been granted 7,114,295 Options, representing 1.25% of the issued share capital.

 

In addition, the non-executive directors were granted Options as follows on 8 February 2016:

  • Sir Robin Miller (chairman) has been granted 1,172,859 Options representing 0.21% of the issued share capital;
  • Mark Cranmer has been granted 1,422,859 Options, representing 0.25% of the issued share capital; and
  • Jack Barnett 500,000 has been granted Options, representing 0.09% of the issued share capital.

 

The above Options will be exercisable at a price of 5 pence per share and will vest, subject to continued employment or appointment (as applicable), equally over a three year period.

 

In addition to the above, Mr Dore, and Mr Walker (non-executive director and previous CEO of the Company from 28th January 2015 to 17th November 2015) were, on 8 February 2016,  granted the following options as required by previous contractual arrangements.  Mr Dore has been granted 600,000 nil cost options vesting equally over four years from 4 Jan 2015.  Mr Walker has been granted two tranches of 800,000 options each vesting equally over four years from 28 January 2015. The first tranche is at a price of 36 pence per share and the second tranche at a price of 18 pence per share.  In addition he has been granted 600,000 nil cost options vesting equally over four years from 1 August 2014.

 

Following the above transactions, the directors of Rightster hold the following options:

 

Director Existing optionholding New options granted Exercise price Resultant total optionholding
 

Ashley MacKenzie

 

None

 

17,074,309

 

5 pence

 

17,074,309

 

Richard Mansell

 

None

 

11,382,873

 

5 pence

 

11,382,873

 

Niall Dore

 

None

 

7,114,295

 

5 pence

600,000 0.01 pence 7,714,295
 

Sir Robin Miller

 

None

 

1,172,859

 

5 pence

 

1,172,859

 

Mark Cranmer

 

None

 

1,422,859

 

5 pence

 

1,422,859

 

John Barnett

 

None

 

500,000

 

5 pence

 

500,000

 

Patrick Walker

 

1,800,000

 

800,000

 

36 pence

800,000 18 pence
600,000 0.01 pence 4,000,000

For further information please contact:

Rightster Group plc

Ashley MacKenzie (CEO) / Niall Dore (CFO)                              Tel: 020 7183 4545

Stockdale Securities Limited

Richard Johnson / Robert Finlay                                                   Tel: 020 7601 6100

 

About Rightster Group plc

Founded in 2011, Rightster makes it simple for Content Owners, Creators, Brands, Publishers and Platforms to unlock the value of online video, whether on a licenced, ad-funded, direct to consumer or paid placement basis.