22 August 2024
Zinc Media Group
plc
("Zinc"
or the "Group")
Director Shareholdings and
Grant of Options
Zinc Media Group plc (AIM: ZIN), the
award-winning television, brand and audio production
group, announces
that as part of Christopher Satterthwaite's (Non-Executive
Chairman) annual remuneration package it has issued, conditional on
Admission, a total of 38,053 new ordinary shares of 0.125 pence
each in the capital of the Company ("Ordinary Shares").
The new Ordinary Shares have been
issued to Christopher Satterthwaite in lieu
of payment of director fees for the year to 30 June 2024, as part
of Christopher's contractual arrangements with the Group. The new
Ordinary Shares were issued to Christopher at a price of 83.22
pence per new Ordinary Share being the
trailing 30-day average share price to 30 June 2024.
Application has been made for the
38,053 new Ordinary Shares to be admitted to trading on AIM. It is
expected that the dealings in these new Ordinary Shares will
commence on 28 August 2024. The new Ordinary Shares will rank
pari passu with the
existing Ordinary Shares.
Total Voting Rights
Following Admission, the Company
will have a total of 22,803,380 ordinary shares of 0.125 pence each
in issue. The Company does not hold any shares in treasury.
Therefore, this figure may be used by shareholders as the
denominator for 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.
Grant of Options
The Group granted options over Ordinary Shares in the Company (the
"Options") on 22 August 2024 to certain executive directors. In
line with existing remuneration arrangements, the Options reflect
the vesting of existing share options which achieved the vesting
hurdle in 2023 and 2024.
|
Director/Senior Personnel
|
Number of Ordinary Shares subject to option
grant
|
Option price
|
Vesting period
|
|
Mark Browning
|
474,230
|
0.125p
|
22 August 2027 - 22 August
2034
|
|
Will Sawyer
|
237,115
|
0.125p
|
22 August 2027 - 22 August
2034
|
The awards have been made under two
schemes, the Company's EMI Share Option Scheme (85,600 Ordinary
Shares for Mark Browning and 118,558 Ordinary Shares for Will
Sawyer) and an Unapproved Share Option Scheme (388,630 Ordinary
Shares for Mark Browning and 118,557 Ordinary Shares for Will
Sawyer).
The Options were granted under the
condition that half of the Options granted to each director will
vest if the Ordinary Share price is at least £0.70 for a period of
30 consecutive Dealing Days ending on or after 22 August 2027, and
the other half will vest if the share price is at least £1.05 for a
period of 30 consecutive Dealing Days ending on or after 22 August
2027, which represents a 50% increase in the current share
price. These conditions follow the same
principles used for the grant of options to directors in previous
years.
For
further information, please contact:
|
Zinc Media Group plc
Mark Browning, CEO / Will Sawyer,
CFO
www.zincmedia.com
|
+44 (0) 20
7878 2311
|
|
Singer Capital Markets (Nominated Adviser and
Broker)
James Moat / Sam Butcher
|
+44 (0) 20
7496 3000
|
About Zinc Media Group
Zinc Media Group plc is a premium
television and content creation group.
The award-winning and critically
acclaimed television labels comprise Brook Lapping, Red Sauce,
Supercollider, Tern Television, Rex and Atomic, along with
Bumblebee Post Production, and produce programmes across a wide
range of factual genres for UK and international
broadcasters.
The Edge Picture Company produces
film content for brands and corporates in the UK, Qatar and other
international markets. Zinc Communicate produces podcasts and radio as well as providing a bespoke
publishing solution in partnership with industry
bodies.
For further information on Zinc
Media please visit www.zincmedia.com
www.zincmedia.com
Basis on which information is presented
In this document, references to "£",
"pence" and "p" are to the lawful currency of the United Kingdom.
All times referred to in this document are, unless otherwise
stated, references to London time.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Christopher Satterthwaite
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Non-Executive Chairman
|
|
b)
|
Initial notification
/Amendment
|
Initial
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Zinc Media Group plc
|
|
b)
|
LEI
|
21380038V6N4I4P38D74
|
|
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
|
Ordinary Shares of 0.125p
each
GB00BJVLR251
|
|
b)
|
Nature of the transaction
|
Issue of Ordinary Shares
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£0.8322
|
38,053
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
|
e)
|
Date of the transaction
|
20 August 2024
|
|
f)
|
Place of the transaction
|
Off-market transaction
|
|
1
|
Details of the person discharging
managerial responsibilities / person closely associated
|
|
a)
|
Name
|
Mark Browning
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
Chief Executive Officer
|
|
b)
|
Initial
notification/Amendment
|
Initial Notification
|
|
3
|
Details of the issuer, emission
allowance market participant, auction platform, auctioneer or
auction monitor
|
|
a)
|
Name
|
Zinc Media Group plc
|
|
b)
|
LEI
|
21380038V6N4I4P38D74
|
|
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
0.125p each
GB00BJVLR251
|
|
b)
|
Nature of transaction
|
Grant of Options
|
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
|
|
|
Nil
|
474,230
|
|
|
Aggregated information
-
Aggregated volume
-
Price
|
N/A
|
|
e)
|
Date of the transaction
|
20 August 2024
|
|
f)
|
Place of the transaction
|
Outside of a trading
venue
|
|
1
|
Details of the person discharging
managerial responsibilities / person closely associated
|
|
a)
|
Name
|
Will Sawyer
|
|
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
|
Zinc Media Group plc
|
|
b)
|
LEI
|
21380038V6N4I4P38D74
|
|
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
0.125p each
GB00BJVLR251
|
|
b)
|
Nature of transaction
|
Grant of Options
|
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
|
|
|
Nil
|
237,115
|
|
|
Aggregated information
-
Aggregated volume
-
Price
|
N/A
|
|
e)
|
Date of the transaction
|
20 August 2024
|
|
f)
|
Place of the transaction
|
Outside of a trading
venue
|