REG - LBG Media PLC - Result of AGM

LBG MediaAnnouncement

28/03/2025 16:00

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RNS Number : 7629C  LBG Media PLC  28 March 2025

28 March 2025

LBG Media plc

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

Result of 2025 Annual General Meeting

 

LBG Media plc, the global digital entertainment business with a focus on young
adults, announces 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                               201,701,326   100.00%  0             0.00%  201,701,326   100     0
 2.     To elect Dave Dilson as a director                                      200,842,623   99.57%   858,703       0.43%  201,701,326   100     0
 3.     To elect Alexander Solomou as a director                                201,701,326   100.00%  0             0.00%  201,701,326   100     0
 4.     To elect Carol Kane as a director                                       193,041,490   95.71%   8,659,836     4.29%  201,701,326   100     0
 5.     To elect Alexandra Jarvis as a director                                 201,701,326   100.00%  0             0.00%  201,701,326   100     0
 6.     To re-appoint BDO LLP as auditors                                       201,701,326   100.00%  0             0.00%  201,701,326   100     0
 7.     To authorise the audit committee to determine auditor's                 201,701,326   100.00%  0             0.00%  201,701,326   100     0
 remuneration
 8.     To authorise the directors to allot relevant securities                 193,892,212   96.13%   7,809,114     3.87%  201,701,326   100     0
 9.     To authorise the directors to allot equity securities for cash          193,892,212   96.13%   7,809,114     3.87%  201,701,326   100     0
 without making a pre-emptive offer to shareholders*
 10.   To authorise the directors to allot equity securities for cash in        193,892,212   96.13%   7,809,114     3.87%  201,701,326   100     0
 relation to an acquisition or other capital investment*
 11.   To authorise the Company to make market purchases of its own ordinary    201,693,345   100.00%  0             0.00%  201,701,326   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 28 March 2025 was 209,079,740 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 (http://www.lbgmedia.co.uk) .

For further information please contact:

 

 LBG Media plc                                  investors@ladbiblegroup.com (mailto:investors@ladbiblegroup.com)

 Solly Solomou, Chief Executive Officer

 Dave Wilson, Executive Chair

 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)
 Peel Hunt LLP (Joint Broker)                   Tel: +44 (0) 207 418 8990

 Neil Patel                                     www.peelhunt.com (http://www.peelhunt.com)

 Benjamin Cryer

 Alice Lane

 Kate Bannatyne
 Media enquiries:                               Tel: +44 (0) 20 3727 1000

 FTI Consulting LLP                             LBGmedia@fticonsulting.com (mailto:LBGmedia@fticonsulting.com)

 Jamie Ricketts / Kwaku Aning / Jemima Gurney

 

Notes to editors

We help brands reach young adults on social media platforms, such as Facebook,
Instagram, Snapchat, X, YouTube and TikTok and our owned and operated
websites.

 

We produce and distribute digital content such as videos, editorial, images
and audio.

 

We do this through our brands, such as LADbible and SPORTbible, which are
dedicated to distinct popular interests (e.g. news, sport, gaming).

 

Engagement is at the heart of what we do - which comes through in our two main
revenue streams:

 

a.     We create bespoke content for blue-chip advertisers that gives them
access to a young adult audience that is hard to reach for traditional media
players. This is distributed across social media platforms and our owned and
operated websites. We call this 'Direct' revenue.

 

b.     Third parties - such as social media platforms - generate revenue
by placing advertising next to our content. We call this 'Indirect' revenue,
and the revenue is shared between the publisher, which is us, and the social
media platform.

 

LBG Media is listed on the AIM market of the London Stock Exchange (AIM:
LBG).

 

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