REG - XLMedia PLC - Grant of Share Awards

XLMediaAnnouncement

30/04/2021 09:45

RNS Number : 2194X
  
XLMedia PLC
  
30 April 2021
  
 

30 April 2021
 
 
XLMedia PLC 
("XLMedia" or the "Company")
 
Grant of Share Awards
 
XLMedia (AIM: XLM), a global digital performance publisher, announces that it has today granted share awards over a total of 1,959,707 ordinary shares in the Company under the XLMedia 2020 Global Share Incentive Plan (the "Awards"), as approved by shareholders at the EGM in July 2020. The Awards represent 0.746 % of the currently issued share capital of the Company.
The Awards were granted to persons discharging managerial responsibilities ("PDMRs") and are summarised below:
 



Employee


Role


Award Type


Number of shares subject to the Award




Stuart Simms


CEO


PSU Award


1,190,476




Iain Balchin


CFO


PSU Award


769,231



The PSU Award are contingent rights to acquire shares for no consideration. The PSU Award is subject to a four-year vesting period followed by a one year holding period and the achievement of performance targets measured by the increase in the share price of the Company during the period between 1 January 2021 and 31 December 2024 ("Performance Period"), as summarized in the table below. 
 



Average Share Price during the 30 days prior to the end of the Performance Period


% of the Award capable of vesting
 




£1.50 or higher


100%




Between £1.35 and £1.50


On a straight line basis between 50% and 100%




Between £1.20 and £1.35


On a straight line basis between 25% and 50%




Less than £1.20


0%



In order to adjust for the effect of any dividend payments over the Performance Period, the share price targets will be reduced by reference to any dividends per share paid over the Performance Period.
Following this grant, the Company will have 6,547,042 plus this grant shares (3.24%) subject to options granted and outstanding under the Company's share plans.
The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further details.
 



1 


Details of the person discharging managerial responsibilities / person closely associated 




a) 


Name 
 


Stuart Simms
 




2 


Reason for the notification 




a) 


Position/status 
 


CEO




b) 


Initial notification /Amendment 


Initial




3 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 




a) 


Name 


XLMedia PLC




b) 


LEI 


2138008U4S6FBDHGWY81




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 
 
Identification code 


Contingent share awards over ordinary shares of USD0.000001 each in XLMedia PLC under the XLMedia 2020 Global Share Incentive Plan
  
ISIN of ordinary shares:  JE00BH6XDL31




b) 


Nature of the transaction 


Grant of contingent share awards




c) 


Price(s) and volume(s) 
 


1,190,476 at a nil price per share




d) 


Aggregated information 
 
- Aggregated volume 
 
- Price 


N/A single transaction




e) 


Date of the transaction 


30  April 2021




f) 


Place of the transaction 


Outside a trading venue



 
 



1 


Details of the person discharging managerial responsibilities / person closely associated 




a) 


Name 
 


Iain Balchin 
 




2 


Reason for the notification 




a) 


Position/status 
 


CFO




b) 


Initial notification /Amendment 


Initial




3 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 




a) 


Name 


XLMedia PLC




b) 


LEI 


2138008U4S6FBDHGWY81




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 
 
Identification code 


Contingent share awards over ordinary shares of USD0.000001 each in XLMedia PLC under the XLMedia 2020 Global Share Incentive Plan
  
ISIN of ordinary shares:  JE00BH6XDL31




b) 


Nature of the transaction 


Grant of contingent share awards




c) 


Price(s) and volume(s) 
 


769,231 at a nil price per share




d) 


Aggregated information 
 
- Aggregated volume 
 
- Price 


N/A single transaction




e) 


Date of the transaction 


30  April 2021




f) 


Place of the transaction 


Outside a trading venue



 
 
 
For further information, please contact:
 



XLMedia plc
Stuart Simms, Chief Executive Officer
Iain Balchin, Chief Financial Officer
Kieran McKinney, Investor Relations
www.xlmedia.com
 


ir@xlmedia.com




Vigo Consulting
Jeremy Garcia / Fiona Hetherington
www.vigoconsulting.com
 


Tel: 020 7390 0233




Cenkos Securities plc (Nomad and Joint Broker)
Giles Balleny / Max Gould
www.cenkos.com
 


Tel: 020 7397 8900




Berenberg (Joint Broker)
Mark Whitmore / James White / Tejas Padalkar
www.berenberg.com


Tel: 020 3207 7800













Notes:
XLMedia is a leading global digital performance publisher. Operating globally across a variety of verticals including online gambling, personal finance, sports and technology, the Group uses proprietary tools and methodologies to identify and target high value clients for platform operators.
XLMedia has a clear transformation strategy, which will enable it to shape the future of the performance publishing industry.  The Company has set out a clear strategic agenda under two fundamental priorities:
·    A balanced portfolio of online assets
o  XLMedia seeks to create a balanced portfolio of websites to cover a range of attractive geographies, both stable and high-growth verticals and with greater exposure to regulated markets.  In doing so, the Company will focus particularly on developing our presence in North American sports, primarily through targeted acquisition.
·    Branded, content-rich, engaging websites
o  XLMedia will consolidate its online portfolio, concentrating on a much smaller number of publishing assets, and focusing its resources on optimising this core set of premium sites for its chosen markets.  These content-rich, engaging websites, underpinned by intelligent market-leading technology, will seek to build stronger lasting relationships with consumers and enhance monetisation opportunities.
 

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