REG - LBG Media PLC - Director/PDMR Shareholding

LBG MediaAnnouncement

23/12/2021 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20211223:nRSW5584Wa&default-theme=true

RNS Number : 5584W  LBG Media PLC  23 December 2021

23 December 2021

LBG Media plc

("LBG Media" or the "Company")

Director/PDMR Shareholding

 

 

LBG Media plc (AIM: LBG), the UK-based multi-brand, multi-channel digital
youth publisher, is pleased to announce that, as previously set out in the
Admission Document, the following Directors and Persons Discharging Managerial
Responsibility ("PDMRs") have been granted awards by way of a nil cost option
("Base Award") and an acquisition of shares in LBG Holdco Limited (the
"Stretch Award"), together the "Total Award", under the Company's Long Term
Incentive Plan (the "LTIP" or the "Plan"). The Awards entitle the PDMRs to
acquire ordinary shares of £0.001 each in the Company ("Shares") up to the
maximum number set out below, subject to the satisfaction of certain
performance conditions and continued employment.

 

As previously set out in in the Admission Document (available on the Group's
website  www.lbgmedia.co.uk (http://www.lbgmedia.co.uk/) ),  the Base Amount
will be subject to stretching financial targets over the three financial years
beginning FY22. Subject to and conditional on the achievement of the Base
Amount, the Stretch Amount will vest subject to stretching total shareholder
return targets of 25%, 50% and 75% CAGR over the three financial years
beginning FY22.

 

 Name of PDMR               Title                 Number of Shares (Base Award)  Number of Shares (Stretch Award)  Maximum  number of Shares (Total Award)
 Alexander "Solly" Solomou  Co-founder & CEO      160,714                        803,572                           964,286
 Arian Kalantari            Co-founder & COO      144,642                        723,215                           867,857
 Tim Croston                CFO                   144,642                        723,215                           867,857
 Colin Gottlieb             Chief Growth Officer  144,642                        723,215                           867,857

 

The maximum aggregate number of Shares that can be issued pursuant to the
Total Award is 3,567,857 Shares (the "Award Shares").  In the event all of
the Award Shares are issued, and no other Shares have been issued by the
Company at that time, the Award Shares will represent 1.7% of the resulting
issued share capital of the Company. In the event all of the Award Shares are
issued, and all other existing options over Shares are exercised ("Total
Option Shares"), and no other Shares have been issued by the Company at that
time, the Total Option Shares will represent 5.0% of the resulting issued
share capital of the Company if 75% CAGR total shareholder return is achieved
over the performance period (i.e. resulting in a share price of £9.38).

Set out below are the notifications made in accordance with Article 19 of the
UK Market Abuse Regulation.

 

 

 

For further information please contact:

 LBG Media plc                                              Via Buchanan

 Solly Solomou, Co-founder & CEO

 Arian Kalantari, Co-founder & COO

 Tim Croston, CFO

 Zeus Capital Limited                                       Tel: +44 (0) 161 831 1512

 (Nominated Adviser, Sole Bookrunner & Sole Broker)         www.zeuscapital.co.uk (http://www.zeuscapital.co.uk/)

 Dan Bate (Corporate Finance)

 Nick Cowles (Corporate Finance)

 Benjamin Robertson (Equity Capital Markets)

 Media enquiries:                                           Tel: +44 (0) 20 7466 5000

 Buchanan                                                   www.buchanan.uk.com (http://www.buchanan.uk.com/)

 Richard Oldworth / Chris Lane / Toto Berger / Jack Devoy

 

 

Notification of Dealing Form:

 

 1    Details of the person discharging managerial responsibilities / person closely

    associate

 a)   Name                                                         Solly Solomou

                                                                   Arian Kalantari

                                                                   Tim Croston

Colin Gottlieb
 2    Reason for the notification

 a)   Position/status                                              Co-founder & CEO

                                                                   Co-founder & COO

                                                                   CFO

                                                                   Chief Growth Officer
 b)   Initial notification /Amendment                              Initial notification

 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 of the financial instrument, type of instrument  Ordinary Shares of 0.1 pence each in the Company ("Shares")

      Identification code                                          ISIN: GB00BKPH9R58

 b)   Nature of the transaction                                    Grant of awards over Shares under the LBG Media plc Long Term Incentive Plan

 c)   Price(s) and volume(s)

Price per share  Volume
                                                                   Nil              Solly Solomou: 964,286

                                                                            Arian Kalantari: 867,857

                                                                            Tim Croston: 867,857

                                                                            Colin Gottlieb: 867,857

 
 d)   Aggregated Information                                        n/a single transaction

      Volume

      Price
 e)   Date of transaction                                          22 December 2021
 f)   Place of transaction                                         Outside a trading venue

 

d)

Aggregated Information

 

Volume

 

Price

 n/a single transaction

 

e)

Date of transaction

22 December 2021

f)

Place of transaction

Outside a trading venue

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHEAFAAALPFFAA