REG - LBG Media PLC - Resignation of Chief Operating Officer

LBG MediaAnnouncement

26/07/2023 07:15

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RNS Number : 1807H  LBG Media PLC  26 July 2023

   26 July 2023

 

 

LBG Media plc

(The "Company" or "Group")

Resignation of Chief Operating Officer

LBG Media, the UK-based multi-brand, multi-channel digital youth publisher,
announces that Arian Kalantari has resigned as Chief Operating Officer and as
a Director of the Company with immediate effect.

Arian has been on a sabbatical since the start of the year to spend more time
with his family and has made the decision not to return to the Company. His
operational responsibilities had therefore been distributed among colleagues
and will now be permanently retained by those members of the Group's
established and strong leadership team.

CEO, Solly Solomou, commented:

"On behalf of the Board and everyone at the Company, I would like to thank
Arian for his support over the years, both in the terms of the vital
contribution to the founding of the business and the years of success that
have been achieved since. It has been a great pleasure to work side by side
with my good friend and I wish him all the best and look forward to his
continued support as a shareholder."

Arian Kalantari said:

"It has been an incredible journey to see this business grow and thrive over
the last 11 years since Solly and I founded it. LBG Media is very
well-positioned to continue to succeed in the years to come and I will remain
a passionate supporter."

 

For further information please contact:

 LBG Media plc                                              Via Buchanan

 Solly Solomou, Co-founder & CEO

 Richard Jarvis, CFO

 Mark Mochalski, Investor Relations

 Fiona O'Nolan, Investor Relations                          investors@ladbiblegroup.com
 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)
 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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