REG - LBG Media PLC - Exercise of Options, Director Dealings and TVR
04/01/2024 13:45
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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 £0.001 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:
Director Position Ordinary Shares held previously % of total issued share capital Number of Ordinary Shares over which Options exercised Number of Ordinary Shares sold Resulting total number of Ordinary Shares held % of enlarged issued share capital
David Wilson Non Executive Chairman 398,044 0.19% 1,030,527 566,004 862,567 0.41%
Carol Kane Non Executive 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.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name David Wilson
2 Reason for the notification
a) Position/status Non Executive Chairman
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 £0.001 each in the Company
Identification code
ISIN: GB00BKPH9R58
b) Nature of the transaction (i) Exercise of options
(ii) Sale of Ordinary shares
c) Price(s) and volume(s) Price(s) Volume(s)
(i) £0.001 1,030,527
(ii) £0.784447 566,004
d) Aggregated information
Price(s) Volume(s)
- Aggregated volume (i) £0.001 1,030,527
- Price
(ii) £0.784447 566,004
e) Date of the transaction 03 January 2024
f) Place of the transaction London Stock Exchange, AIM
d)
Aggregated information
- Aggregated volume
- Price
Price(s) Volume(s)
(i) £0.001 1,030,527
(ii) £0.784447 566,004
e)
Date of the transaction
03 January 2024
f)
Place of the transaction
London Stock Exchange, AIM
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Carol Kane
2 Reason for the notification
a) Position/status Non Executive Director
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 £0.001 each in the Company
Identification code
ISIN: GB00BKPH9R58
b) Nature of the transaction (i) Exercise of options
(ii) Sale of Ordinary shares
c) Price(s) and volume(s) Price(s) Volume(s)
(i) £0.001 1,428,571
(ii) £0.784447 784,624
d) Aggregated information
Price(s) Volume(s)
- Aggregated volume (i) £0.001 1,428,571
- Price
(ii) £0.784447 784,624
e) Date of the transaction 03 January 2024
f) Place of the transaction London Stock Exchange, AIM
d)
Aggregated information
- Aggregated volume
- Price
Price(s) Volume(s)
(i) £0.001 1,428,571
(ii) £0.784447 784,624
e)
Date of the transaction
03 January 2024
f)
Place of the transaction
London Stock Exchange, AIM
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 1512
Dan Bate / Nick Cowles (Investment Banking) www.zeuscapital.co.uk (http://www.zeuscapital.co.uk/)
Benjamin Robertson (Equity Capital Markets)
Peel Hunt LLP (Joint Broker) Tel: +44 (0) 207 418 8990
www.peelhunt.com
Neil Patel
Paul Gillam
Richard Chambers
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
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