REG - LBG Media PLC - Result of AGM

LBG MediaAnnouncement

15/06/2023 13:15

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RNS Number : 8814C  LBG Media PLC  15 June 2023

15 June 2023

LBG Media plc

("LBG Media", the "Company" or "Group")

Result of 2023 Annual General Meeting

 

LBG Media, the UK-based multi-brand, multi-channel digital youth publisher, is
pleased to announce that all of the resolutions set out in the Notice of AGM
were passed by the requisite majority at the Company's AGM, held earlier
today.

Details of the proxy votes received by the Company are as follows:

                                                                                 For                    Against              Total Votes           Withheld
                                                                                 No. of votes  %        No. of votes  %      No. of votes  %       No. of votes
 1.     To receive the Annual Report and Accounts                                200,369,980   100.00%  0             0.00%  200,369,980   100     0
 2.     To elect Dave Wilson as a director                                       198,088,462   100.00%  499           0.00%  200,369,980   100     2,281,019
 3.     To elect Alexander Solomou as a director                                 200,369,481   100.00%  499           0.00%  200,369,980   100     0
 4.     To elect Arian Kalantari as a director                                   200,369,980   100.00%  499           0.00%  200,369,980   100     0
 5.     To elect Richard Jarvis as a director                                    200,369,980   100.00%  0             0.00%  200,369,980   100     0
 6.     To elect Richard Flint as a director.                                    192,453,344   96.05%   7,916,636     3.95%  200,369,980   100     0
 7.     To elect Carol Kane as a director.                                       195,959,600   98.93%   2,129,361     1.07%  200,369,980   100     2,281,019
 8.     To elect Alexandra Jarvis as a director                                  200,369,980   100.00%  0             0.00%  200,369,980   100     0
 9.     To re-appoint BDO LLP as auditors                                        200,369,980   100.00%  0             0.00%  200,369,980   100     0
 10.   To authorise the audit committee to determine auditor's remuneration      200,369,481   100.00%  499           0.00%  200,369,980   100     0
 11.   To authorise the Directors to allot relevant securities                   192,453,344   96.05%   7,916,636     3.95%  200,369,980   100     0
 12.   To authorise the directors to allot equity securities for cash without    192,453,344   96.05%   7,916,636     3.95%  200,369,980   100     0
 making a pre-emptive offer to shareholders*
 13.   To authorise the directors to allot equity securities for cash in         192,453,344   96.05%   7,916,636     3.95%  200,369,980   100     0
 relation to an acquisition or other capital investment*
 14.   To authorise the Company to make market purchases of its own ordinary     200,369,980   100.00%  0             0.00%  200,369,980   100     0
 shares*

*Special resolution

Notes:

1.    Proxy appointments which gave discretion to the Chairman of the AGM
have been included in the "For" total for the appropriate resolution.

2.    Votes "For" and "Against" any resolution are expressed as a
percentage of votes validly cast for that resolution.

3.    A "Vote withheld" is not a vote in law and is not counted in the
calculation of the percentage of shares voted "For" or "Against".

4.    The number of shares in issue on 15 June 2023 was 206,530,642 with no
shares in treasury.

5.    The full text of the resolutions passed at the AGM can be found in
the Notice of Annual General Meeting which is available on the Company's
website at www.lbgmedia.co.uk.

For further information please contact:

 

 LBG Media plc                                              Via Buchanan

 Solly Solomou, Chief Executive Officer

 Richard Jarvis, Chief Financial Officer

 Zeus (Nominated Adviser & 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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