REG - LBG Media PLC - Grant of Share Awards

LBG MediaAnnouncement

16/01/2024 15:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240116:nRSP8905Za&default-theme=true

RNS Number : 8905Z  LBG Media PLC  16 January 2024

16 January 2024

LBG Media plc

("LBG Media" or the "Company")

Grant of Share Awards

LBG Media plc (AIM: LBG), the UK-based multi-brand, multi-channel digital
youth publisher, is pleased to announce that the following Directors/Persons
Discharging Managerial Responsibility ("PDMRs") have been granted awards by
way of nil cost options ("Options") 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 stretching performance
conditions measured over a three year performance period and continued
employment. The Awards consist of a "Base Award" (which will vest subject to
stretching financial targets) and a "Stretch Award" (which will vest subject
to stretching total shareholder return targets of 30% and 50% CAGR over the
three financial years beginning FY23), together the "Total Award".

 

 Name of PDMR               Title  Number of Shares  Number of Shares  Maximum number of Shares

                                   (Base Award)      (Stretch Award)   (Total Award)
 Alexander "Solly" Solomou  CEO    627,990           627,990           1,255,980
 Richard Jarvis             CFO    565,191           565,191           1,130,382

 

In addition, in accordance with the terms of his appointment, as compensation
for lost earnings and options from his previous employer, Richard Jarvis has
been granted a further option under the Plan over 274,509 Shares, which shall
vest on 11 April 2025 subject to continued employment (the "New Joiner
Award").

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                                              investors@ladbiblegroup.com

 Solly Solomou, Chief Executive Officer

 Richard Jarvis, Chief Financial Officer

 Mark Mochalski, Investor Relations

 Fiona O'Nolan, Investor Relations

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

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

 Dan Bate / Nick Cowles (Investment Banking)

 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.buchanancomms.co.uk (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                                                         Alexander Solomou

 2    Reason for the notification

 a)   Position/status                                              CEO

 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              1,255,980

 
 d)   Aggregated Information                                        n/a single transaction

      Volume

      Price
 e)   Date of transaction                                          15 Janaury 2024
 f)   Place of transaction                                         Outside a trading venue

 

d)

Aggregated Information

 

Volume

 

Price

 n/a single transaction

 

e)

Date of transaction

15 Janaury 2024

f)

Place of transaction

Outside a trading venue

 

 1    Details of the person discharging managerial responsibilities / person closely

    associate

 a)   Name                                                         Richard Jarvis

 2    Reason for the notification

 a)   Position/status                                              CFO

 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

                                                            including the New Joiner Award

 c)   Price(s) and volume(s)

Price per share  Volume
                                                                   Nil              1,130,382

                                                                            274,509

 
 d)   Aggregated Information                                        n/a single transaction

      Volume

      Price
 e)   Date of transaction                                          15 Janaury 2024
 f)   Place of transaction                                         Outside a trading venue

 

d)

Aggregated Information

 

Volume

 

Price

 n/a single transaction

 

e)

Date of transaction

15 Janaury 2024

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  DSHFLFLELDIRLIS