TIDMZIN

RNS Number : 9866W

Zinc Media Group PLC

24 August 2022

Zinc Media Group plc

("Zinc Media" or the "Group")

Completion of Acquisition

Zinc Media Group plc (AIM: ZIN), the award-winning television, brand and audio production Group, is pleased to announce, further to the announcement made on 3 August 2022 and the announcement of the result of the General Meeting on 22 August 2022, the completion of the acquisition of the entire issued share capital of The Edge Picture Co Limited following Admission of the New Ordinary Shares to trading on AIM yesterday and payment by the Company of the balance of the initial cash consideration, each in accordance with the terms of the Acquisition Agreement.

Director/PDMR Dealings

The Company also confirms the participation of all the Directors in the Placing pursuant to the announcement on 3 August 2022 as follows:

 
 Director                     Number of         Number of       Number of       Percentage 
                               Existing    Placing Shares        Ordinary      of Enlarged 
                               Ordinary        subscribed     Shares held    Share Capital 
                                 Shares        for in the    on Admission     on Admission 
                                                  Placing 
 Christopher Satterthwaite 
  (Chairman)                    125,364            15,000         140,364            0.64% 
                             ----------  ----------------  --------------  --------------- 
 Mark Browning 
  (Chief Executive 
  Officer)                      194,618            30,000         224,618            1.03% 
                             ----------  ----------------  --------------  --------------- 
 Will Sawyer 
  (Chief Financial 
  Officer)                       74,138            15,000          89,138            0.41% 
                             ----------  ----------------  --------------  --------------- 
 Andrew Garard 
  (Non-Executive 
  Director)                      41,666            15,000          56,666            0.26% 
                             ----------  ----------------  --------------  --------------- 
 Nicholas Taylor 
  (Non-Executive 
  Director)                      13,889            10,000          23,889            0.11% 
                             ----------  ----------------  --------------  --------------- 
 

Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as defined in the Circular, published by the Company on 4 August 2022.

Mark Browning , Chief Executive Officer of Zinc Media Group plc, commented:

"This acquisition, supported by significant new investment, has bucked the current market because it is consistent with our stated strategy, is synergistic with our current portfolio and is priced at a sensible valuation multiple. The level of support from new and existing shareholders for this acquisition has been overwhelming, and we thank all investors for their ongoing support. Together with our employees and clients we are building a premium content creation Group with the ambition and financial backing to operate at significant scale"

Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as defined in the Circular, published by the Company on 4 August 2022.

Enquiries:

 
 Zinc Media Group plc 
  www.zincmedia.com 
  Mark Browning (Chief Executive Officer) 
  Will Sawyer (Chief Financial Officer)      +44 (0) 20 7878 2311 
 
 Singer Capital Markets (Nominated 
  Adviser and Broker) 
  Mark Taylor / George Tzimas / Alex 
  Emslie                                     +44 (0) 207 496 3000 
 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:

 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)                                             Christopher Satterthwaite 
         Name 
      ---------------------------------------  ----------------------------------------- 
       Reason for the notification 
  2 
      ---------------------------------------------------------------------------------- 
 a)                                             Chairman 
         Position/status 
      ---------------------------------------  ----------------------------------------- 
 b) 
         Initial notification                                   Initial Notification 
         /Amendment 
      ---------------------------------------  ----------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      ---------------------------------------------------------------------------------- 
 a)                                             Zinc Media Group plc 
         Name 
      ---------------------------------------  ----------------------------------------- 
 
 b)      LEI                                    21380038V6N4I4P38D74 
      ---------------------------------------  ----------------------------------------- 
       Details of the transaction(s): section to be repeated 
  4     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                       Ordinary shares of 0.125 pence each 
        financial instrument, 
        type of instrument 
 
       Identification code                      GB00BJVLR251 
 
 b)                                             Subscription for Placing Shares 
         Nature of the transaction 
      ---------------------------------------  ----------------------------------------- 
 c)    Price(s) and volume(s) 
                                               --------------------  ----------------- 
                                                Price(s)              Volume(s) 
                                               --------------------  ----------------- 
                                                100 pence             15,000 
                                               --------------------  ----------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                           N/A - Single transaction 
 
  - Price 
 
 e)                                             23 August 2022 
         Date of the transaction 
      ---------------------------------------  ----------------------------------------- 
 f)                                             Outside a trading venue 
         Place of the transaction 
      ---------------------------------------  ----------------------------------------- 
 
 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)                                             Mark Browning 
         Name 
      ---------------------------------------  ----------------------------------------- 
       Reason for the notification 
  2 
      ---------------------------------------------------------------------------------- 
 a)                                             Chief Executive Officer 
         Position/status 
      ---------------------------------------  ----------------------------------------- 
 b) 
         Initial notification                                   Initial Notification 
         /Amendment 
      ---------------------------------------  ----------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      ---------------------------------------------------------------------------------- 
 a)                                             Zinc Media Group plc 
         Name 
      ---------------------------------------  ----------------------------------------- 
 
 b)      LEI                                    21380038V6N4I4P38D74 
      ---------------------------------------  ----------------------------------------- 
       Details of the transaction(s): section to be repeated 
  4     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                       Ordinary shares of 0.125 pence each 
        financial instrument, 
        type of instrument 
 
       Identification code                      GB00BJVLR251 
 
 b)                                             Subscription for Placing Shares 
         Nature of the transaction 
      ---------------------------------------  ----------------------------------------- 
 c)    Price(s) and volume(s) 
                                               --------------------  ----------------- 
                                                Price(s)              Volume(s) 
                                               --------------------  ----------------- 
                                                100 pence             30,000 
                                               --------------------  ----------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                           N/A - Single transaction 
 
  - Price 
 
 e)                                             23 August 2022 
         Date of the transaction 
      ---------------------------------------  ----------------------------------------- 
 f)                                             Outside a trading venue 
         Place of the transaction 
      ---------------------------------------  ----------------------------------------- 
 
 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)                                             Will Sawyer 
         Name 
      ---------------------------------------  ---------------------------------------- 
       Reason for the notification 
  2 
      --------------------------------------------------------------------------------- 
 a)                                             Chief Financial Officer 
         Position/status 
      ---------------------------------------  ---------------------------------------- 
 b)                                             Initial Notification 
         Initial notification 
         /Amendment 
      ---------------------------------------  ---------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      --------------------------------------------------------------------------------- 
 a)                                             Zinc Media Group plc 
         Name 
      ---------------------------------------  ---------------------------------------- 
 
 b)      LEI                                    21380038V6N4I4P38D74 
      ---------------------------------------  ---------------------------------------- 
       Details of the transaction(s): section to be repeated 
  4     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                       Ordinary shares of 0.125 pence each 
        financial instrument, 
        type of instrument 
 
       Identification code                      GB00BJVLR251 
 
 b)                                             Subscription for Placing Shares 
         Nature of the transaction 
      ---------------------------------------  ---------------------------------------- 
 c)    Price(s) and volume(s) 
                                               -------------------  ----------------- 
                                                Price(s)             Volume(s) 
                                               -------------------  ----------------- 
                                                100 pence            15,000 
                                               -------------------  ----------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                           N/A - Single transaction 
 
  - Price 
 
 e)                                             23 August 2022 
         Date of the transaction 
      ---------------------------------------  ---------------------------------------- 
 f)                                             Outside a trading venue 
         Place of the transaction 
      ---------------------------------------  ---------------------------------------- 
 
 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)                                             Andrew Garard 
         Name 
      ---------------------------------------  ---------------------------------------- 
       Reason for the notification 
  2 
      --------------------------------------------------------------------------------- 
 a)                                             Non-Executive Director 
         Position/status 
      ---------------------------------------  ---------------------------------------- 
 b)                                             Initial Notification 
         Initial notification 
         /Amendment 
      ---------------------------------------  ---------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      --------------------------------------------------------------------------------- 
 a)                                             Zinc Media Group plc 
         Name 
      ---------------------------------------  ---------------------------------------- 
 
 b)      LEI                                    21380038V6N4I4P38D74 
      ---------------------------------------  ---------------------------------------- 
       Details of the transaction(s): section to be repeated 
  4     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                       Ordinary shares of 0.125 pence each 
        financial instrument, 
        type of instrument 
 
       Identification code                      GB00BJVLR251 
 
 b)                                             Subscription for Placing Shares 
         Nature of the transaction 
      ---------------------------------------  ---------------------------------------- 
 c)    Price(s) and volume(s) 
                                               -------------------  ----------------- 
                                                Price(s)             Volume(s) 
                                               -------------------  ----------------- 
                                                100 pence            15,000 
                                               -------------------  ----------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                           N/A - Single transaction 
 
  - Price 
 
 e)                                             23 August 2022 
         Date of the transaction 
      ---------------------------------------  ---------------------------------------- 
 f)                                             Outside a trading venue 
         Place of the transaction 
      ---------------------------------------  ---------------------------------------- 
 
 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)                                            Nicholas Taylor 
         Name 
      --------------------------------------  ---------------------------------------- 
 
  2    Reason for the notification 
      -------------------------------------------------------------------------------- 
 a)                                            Non-Executive Director 
         Position/status 
      --------------------------------------  ---------------------------------------- 
 b)                                            Initial Notification 
         Initial notification 
         /Amendment 
      --------------------------------------  ---------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      -------------------------------------------------------------------------------- 
 a)                                            Zinc Media Group plc 
         Name 
      --------------------------------------  ---------------------------------------- 
 
 b)      LEI                                   21380038V6N4I4P38D74 
      --------------------------------------  ---------------------------------------- 
       Details of the transaction(s): section to be repeated 
  4     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                      Ordinary shares of 0.125 pence each 
        financial instrument, 
        type of instrument 
 
       Identification code                     GB00BJVLR251 
 
 b)    Nature of the transaction               Subscription for Placing Shares 
      --------------------------------------  ---------------------------------------- 
 c)    Price(s) and volume(s) 
                                              ------------------  ------------------ 
                                               Price(s)            Volume(s) 
                                              ------------------  ------------------ 
                                               100 pence           10,000 
                                              ------------------  ------------------ 
 
 d)    Aggregated information 
 
  - Aggregated volume                          N/A - Single transaction 
 
  - Price 
 
 e)    Date of the transaction                 23 August 2022 
      --------------------------------------  ---------------------------------------- 
 f)    Place of the transaction                Outside a trading venue 
      --------------------------------------  ---------------------------------------- 
 

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END

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August 24, 2022 02:00 ET (06:00 GMT)

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