Director/PDMR Shareholding

RNS Number : 5534S

Rightster Group PLC

25 September 2014

 



25 September 2014

Rightster Group plc
("Rightster" or the "Group" or the "Company")

 Director/PDMR Share Dealing

Rightster Group plc (AIM: RSTR), the cloud-based global video distribution and monetisation network that simplifies delivery to TV scale audiences in the complex online video market, today announces the grant of options to David Mathewson, a non-executive director of the Company, as part of a package agreed with Mr Mathewson for assuming additional operational duties in the transitional period leading up to the departure of the current Chief Financial Officer (Charl de Beer). As previously announced, it is intended that Mr de Beer will leave the Company at the end of the year. In the interim period, Mr Mathewson will be working with the Company's finance team to lead the search for Mr de Beer's successor and ensure that there is no disruption to the day to day financial operations of the Company.

The Company has granted to Mr Mathewson an option to acquire 48,000 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") at an exercise price of £0.54. Following this grant, David Mathewson holds an option over 348,000 Ordinary Shares, representing 0.18% of the Company's issued share capital.

 For further information, please contact:

Rightster Group plc           Lorna Smith, Investor Relations	via Newgate Threadneedle
Cenkos Securities plc	Tel: [phone]
Max Hartley (Nomad) / Julian Morse (Sales)
Newgate Threadneedle	Tel: [phone]
Josh Royston/ Heather Armstrong

About Rightster

Founded in May 2011 by CEO Charles Muirhead, with the vision of enabling media businesses and brands to overcome the huge fragmentation in the online video market with a single technology platform for engaging audiences and transacting with optimal efficiency. Rightster's cloud based software and services platform makes it simple for sports, fashion, news, entertainment, music, and viral rights holders, as well as brands and creators, to enhance the value of their video whether on a licenced, ad-funded, direct to consumer or paid placement basis.

Following the acquisitions in July and August 2014, Rightster's network now stands at over 1,950 Content Owners and over 7,500 Publishers. The Group now employs 256 staff in 11 offices across 10 countries.

 

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