REG - Everyman Media Grp - Director/PDMR Shareholding

Everyman MediaAnnouncement

23/01/2023 09:00

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RNS Number : 4713N  Everyman Media Group PLC  23 January 2023

23 January 2023

Everyman Media Group PLC

("Everyman" or the "Company")

Director/PDMR Shareholding

On 8(th) April 2021, the Company announced that Alex Scrimgeour, Chief
Executive Officer of Everyman, had been issued 2,000,000 A ordinary shares
("Growth Shares") in a subsidiary company, Everyman Media Holdings Ltd. The
Growth Shares could be exchanged for new ordinary shares in Everyman Media
Group PLC in the future, subject to meeting certain vesting conditions and
share price performance criteria.

The Remuneration Committee of the Company has concluded that the share price
performance condition attached to the Growth Shares was no longer appropriate.
On 23(rd) January 2023, the Remuneration Committee amended the terms of the
Growth Shares so that they can only vest if certain financial performance
targets are met over the two years ending 2(nd) January 2025. To the extent
that the vesting conditions and financial performance targets are met, the
Growth Shares in Everyman Media Holdings Limited will entitle Mr Scrimgeour to
receive an amount equivalent to the market value of an ordinary share in the
Company less 86.0p, being the closing share price of the Company on 20(th)
January 2023.

All other terms and conditions relating to the Growth Shares remain unchanged
from those disclosed in the announcement released by the Company on 8(th)
April 2021.

 

For further information, please contact:

 Everyman Media Group PLC                                      Tel  : +44 (0)20 3145 0500
 Alex Scrimgeour, Chief Executive

 Will Worsdell, Finance Director

 Canaccord Genuity Limited - (Nominated Adviser and Broker)    Tel  : +44 (0)20 7523 8000
 Bobbie Hilliam
 Harry Pardoe
 Alma PR (Financial PR Advisor)                                 Tel:   +44 (0)20 3405 0205

 David Ison
 Joe Pederzolli

 

 

 Notification of a Transaction pursuant to Article 19(1) of the EU Market Abuse
 Regulation (EU) No. 596/2014 as it forms part of domestic law by virtue of the
 European Union (Withdrawal) Act 2018.
 1          Details of the person discharging managerial responsibilities/person closely
            associated
 a.         Name                                                         Mr Alex Scrimgeour
 2          Reason for notification

 a.         Position/Status                                              Chief Executive Officer
 b.         Initial notification/                                        Amendment

            Amendment
 3          Details of the issuer, emission allowance market participant, auction
            platform, auctioneer or auction monitor
 a.         Name                                                         Everyman Media Group plc
 b.         LEI                                                          213800XIF4R73HAM8S36
 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  Growth shares which can be converted into Ordinary Shares of 10 pence each

Identification Code                                         GB00BFH55S51

 b.         Nature of the transaction                                    Amendment to terms of existing growth shares
  c.        Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                         86.0p     2,000,000

 

 d.         Aggregated information                                        Not applicable - single transaction

            - Aggregated Volume

            - Price
 e.         Date of the transaction                                      23 January 2023
 f.         Place of the transaction                                     Outside a trading venue

 

 

d.

Aggregated information

- Aggregated Volume

- Price

 Not applicable - single transaction

 

 

e.

Date of the transaction

23 January 2023

f.

Place of the transaction

Outside a trading venue

 

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