REG - LBG Media PLC - Exercise of Options and Total Voting Rights

LBG MediaAnnouncement

24/08/2023 07:00

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RNS Number : 2084K  LBG Media PLC  24 August 2023

24 August 2023

LBG Media plc

("LBG Media" or the "Company")

Exercise of Options and Total Voting Rights

 

LBG Media plc (AIM: LBG), the UK-based multi-brand, multi-channel digital
youth publisher, announces that, on 22 August 2023, it allotted 9,000 new
ordinary shares of £0.001 each ("Shares") in the Company following the
exercise of options granted under the Company's Long Term Incentive Plan,
details of which were disclosed in the Company's Admission Document dated 7
December 2021.

 

Total Voting Rights

 

Application has been made to the London Stock Exchange for the 9,000 new
Shares to be admitted to trading on AIM ("Admission"). It is expected that
Admission will become effective at 8.00 a.m. on 29 August 2023.

 

Following Admission, the total number of Shares and voting rights in the
Company will be 206,620,642. There are no Shares held in treasury. This figure
may 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 share capital of the Company under the FCA's
Disclosure and Transparency Rules.

 

 

 

For further information please contact:

 LBG Media plc                                              Via Buchanan

 Solly Solomou, Chief Executive Officer

 Richard Jarvis, Chief Financial Officer
 Zeus (Nominated Adviser & Sole Broker)                     Tel: +44 (0) 161 831 1512

 Dan Bate / Nick Cowles (Investment Banking)                www.zeuscapital.co.uk (http://www.zeuscapital.co.uk/)

 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

 

 

Notes to editors

 

 

LBG Media is a multi-brand, multi-channel digital youth publisher and is a
leading disrupter in the digital media and social publishing sectors. The
Group produces and distributes digital content across a range of mediums
including video, editorial, image, audio, and experience (virtual and
augmented reality). Since its inception in 2012, the Group has curated a
diverse collection of ten core specialist brands using social media platforms
(primarily Facebook, Instagram, Snapchat, Twitter, YouTube and TikTok) and has
built multiple websites to reach new audiences and drive engagement. Each
brand is dedicated to a distinct popular interest point (e.g. sport, gaming
etc.), which is designed to achieve broader engagement, increase relevance and
ultimately build a loyal community of followers.

 

 

The Group operates two core routes to market: Direct revenue, which is
principally generated from the provision of content marketing services to
corporates, brand owners, marketing agencies and other entities such as
government bodies and where the relationship with the client is held directly
by LBG Media; and Indirect revenue, which is generated via a third-party, such
as a social media platform or via a programmatic advertising exchange / online
marketplace, which holds the relationship with the brand owner or agency.

 

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