TIDMLBG
RNS Number : 6989Y
LBG Media PLC
04 January 2024
04 January 2024
LBG Media plc
(the "Company")
Exercise of Options, Director Dealings and Total Voting
Rights
LBG Media plc, the owner of the global leader in youth
publishing LADbible Group, announces that the Company has allotted
and issued 2,459,098 new ordinary shares of GBP0.001 each
("Ordinary Shares") in the Company (the "Option Shares") pursuant
to the exercise of options ("Options") that were awarded to certain
Directors prior to the IPO of the Company in 2021 (the "Pre IPO
Awards").
The Pre-IPO Awards were one-off awards which vested and became
exercisable on the second anniversary of the Company's admission to
AIM, conditional on the award holder continuing to serve as a
Non-Executive Director at that time. Full details of the Pre IPO
Awards were documented in the Admission Document dated 07 December
2021. The Options were exercised by David Wilson (Non-Executive
Chairman) and Carol Kane (Non-Executive Director) (together the
"Share Option Participants"). Details in relation to the Option
Shares issued to the Share Option Participants are contained in the
table below.
The Share Option Participants have sold, in aggregate, 1,350,628
Option Shares at a price of approximately 78.4 pence per Option
Share, in order to finance the cost of exercising the Options, the
resulting income tax and National Insurance liabilities.
Following the exercise of Options and the sale of Option Shares,
a total of 1,506,514 Ordinary Shares, are held by the Share Option
Participants representing an increase in aggregate holdings from
0.19% to 0.72% of the issued share capital of the Company.
The table below details their interests in the share capital of
the Company:
Number Resulting
% of of Ordinary total % of
total Shares Number number enlarged
Ordinary issued over which of Ordinary of Ordinary issued
Shares share Options Shares Shares share
D irector P osition held previously capital exercised sold held capital
David Non Executive
Wilson Chairman 398,044 0.19% 1,030,527 566,004 862,567 0.41%
--------------- ----------------- --------- ------------- ------------- ------------- ----------
Carol Non Executive
Kane Director Nil Nil 1,428,571 784,624 643,947 0.31%
--------------- ----------------- --------- ------------- ------------- ------------- ----------
TOTAL 398,044 0.19% 2,459,098 1,350,628 1,506,514 0.72%
----------------- --------- ------------- ------------- ------------- ----------
Admission and Total Voting Rights
Application has been made for the 2,459,098 new Ordinary Shares
to be admitted to trading on AIM ("Admission"). It is expected that
Admission and dealings in those shares will commence at 8.00 a.m.
on 08 January 2024.
The Company advises that, immediately following Admission, there
will be 209,079,740 Ordinary Shares in issue, with one voting right
each. The Company does not hold any shares in treasury. The number
of Ordinary Shares with voting rights will therefore be
209,079,740. Accordingly, this number should be used by
shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in, the Company under the FCA's
Disclosure Guidance and Transparency Rules.
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation as it forms part of UK domestic
law by virtue of the European Union (Withdrawal) Act 2018, provides
further detail.
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) Name David Wilson
---------------------- ----------------------------------------
2 Reason for the notification
----------------------------------------------------------------
a) Position/status Non Executive Chairman
---------------------- ----------------------------------------
b) Initial notification Initial notification
/Amendment
---------------------- ----------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
----------------------------------------------------------------
a) Name LBG Media plc
---------------------- ----------------------------------------
b) LEI 213800MF1QX5EE3RAV98
---------------------- ----------------------------------------
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 Ordinary shares of GBP0.001 each in
of the financial the Company
instrument,
type of instrument
Identification
code ISIN: GB00BKPH9R58
---------------------- ----------------------------------------
b) Nature of (i) Exercise of options
the transaction (ii) Sale of Ordinary shares
---------------------- ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) (i) GBP0.001 1,030,527
(ii) GBP0.784447 566,004
----------
---------------------- ----------------------------------------
d) Aggregated Price(s) Volume(s)
information (i) GBP0.001 1,030,527
- Aggregated
volume
- Price (ii) GBP0.784447 566,004
----------
---------------------- ----------------------------------------
e) Date of the 03 January 2024
transaction
---------------------- ----------------------------------------
f) Place of the London Stock Exchange, AIM
transaction
---------------------- ----------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Carol Kane
---------------------- ----------------------------------------
2 Reason for the notification
----------------------------------------------------------------
a) Position/status Non Executive Director
---------------------- ----------------------------------------
b) Initial notification Initial notification
/Amendment
---------------------- ----------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
----------------------------------------------------------------
a) Name LBG Media plc
---------------------- ----------------------------------------
b) LEI 213800MF1QX5EE3RAV98
---------------------- ----------------------------------------
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 Ordinary shares of GBP0.001 each in
of the financial the Company
instrument,
type of instrument
Identification
code ISIN: GB00BKPH9R58
---------------------- ----------------------------------------
b) Nature of (i) Exercise of options
the transaction (ii) Sale of Ordinary shares
---------------------- ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) (i) GBP0.001 1,428,571
(ii) GBP0.784447 784,624
----------
---------------------- ----------------------------------------
d) Aggregated Price(s) Volume(s)
information (i) GBP0.001 1,428,571
- Aggregated
volume
- Price (ii) GBP0.784447 784,624
----------
---------------------- ----------------------------------------
e) Date of the 03 January 2024
transaction
---------------------- ----------------------------------------
f) Place of the London Stock Exchange, AIM
transaction
---------------------- ----------------------------------------
For further information please contact:
LBG Media plc Via Buchanan
Solly Solomou, Chief Executive Officer
Richard Jarvis, Chief Financial Officer
Zeus (Nominated Adviser & Joint Broker) Tel: +44 (0) 161 831
Dan Bate / Nick Cowles (Investment Banking) 1512
Benjamin Robertson (Equity Capital Markets) www.zeuscapital.co.uk
Peel Hunt LLP (Joint Broker) Tel: +44 (0) 207 418
Neil Patel 8990
Paul Gillam www.peelhunt.com
Richard Chambers
Media enquiries: Tel: +44 (0) 20 7466
Buchanan 5000
Richard Oldworth / Chris Lane / Toto www.buchanan.uk.com
Berger / Jack Devoy
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END
IOEEADFLEDXLEFA
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