REG - Zinc Media Group PLC - Director Share Options

Zinc MediaAnnouncement

17/02/2020 16:05

RNS Number : 2585D
Zinc Media Group PLC
17 February 2020
 


Zinc Media Group plc 
("Zinc", the "Group" or the "Company") 
Director Share Options
Zinc Media Group plc (AIM: ZIN), a leading TV and multimedia content producer announces that, following the placing to raise £3.5 million, preference share conversion, debt conversion, debt variation, article amendments and share consolidation, 87,616,352 options over Ordinary Shares of 0.00025p each in Zinc ("Existing Ordinary Shares") were cancelled as detailed below:




Director/Senior Personnel


Date granted


Number of Existing Ordinary Shares waived




Mark Browning


17 May 2019


78,616,352




Will Sawyer


12 November 2018


9,000,000




 
Following the cancellation of these options, the Company has issued Share Options ("Options") on 14 February 2020 to the following Executive Directors of Zinc:




Director/Senior Personnel


Number of Ordinary Shares subject to option grant


Option price


Vesting period




Mark Browning


474,230


0.125p


3 years ending 14 February 2023




Will Sawyer


237,115


0.125p


3 years ending 14 February 2023




 
Mark Browning's awards' have been made under two schemes, the Company's EMI Share Option Scheme (303,029 Ordinary Shares) and a further Unapproved Share Option Scheme (171,201 Ordinary Shares).
 
Will Sawyer's awards have been made under the Company's EMI Share Option Plan only.
 
All options were granted under the condition that half of the Options granted to each director will vest if the Share price is at least £0.90 for a period of 30 consecutive Dealing Days ending on or after 14th February 2023, and the other half will vest if the share price is at least £1.35 for a period of 30 consecutive Dealing Days ending on or after 14th February 2023.
 




 1


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Mark Browning
 




2


Reason for the notification




a)


Position/status


Chief Executive Officer
 
 




b)


Initial notification/Amendment


Initial Notification




3


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




a)


Name


Zinc Media Group plc




b)


LEI


21380038V6N4I4P38D74




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
 


Options over Ordinary shares of 0.125p each
GB00BJVLR251




b)


Nature of transaction


Grant of Options




c)


Price(s) and volume(s)


Price(s)


Volume(s)




 


 


£0.00125


474,230




 


Aggregated information
-      Aggregated volume
-      Price


 
474,230
Exercise price of 0.125pence




e)


Date of the transaction


14 February 2020




f)


Place of the transaction


Outside of a trading venue




 




 1


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Will Sawyer




2


Reason for the notification




a)
 


Position/status


Chief Financial Officer




b)


Initial notification/Amendment


Initial Notification




3


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




a)


Name


Zinc Media Group plc




b)


LEI


21380038V6N4I4P38D74




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
 


Options over Ordinary shares of 0.125p each
GB00BJVLR251




b)


Nature of transaction


Grant of Options




c)


Price(s) and volume(s)


Price(s)


Volume(s)




 


 


£0.00125


237,115




 


Aggregated information
-      Aggregated volume
-      Price


 
237,115
Exercise price of 0.125 pence




e)


Date of the transaction


14 February 2020




f)


Place of the transaction


Outside of a trading venue




 
 Zinc Media Group plc                                                                  +44 (0) 20 7878 2311
Mark Browning, CEO / Will Sawyer, CFO
www.zincmedia.com
 N+1 Singer (NOMAD and Joint Broker to Zinc Media)             +44 (0) 20 7496 3000
Mark Taylor / Lauren Kettle




Peterhouse Capital Limited (Joint Broker)


+44 (0) 20 7469 0932




Martin Lampshire / Duncan Vasey / Eran Zucker


 




  Notes to Editors
Zinc Media Group plc is a leading British based TV and content creation company and operates 6 TV labels and a non-TV content division called Zinc Communicate.
The six award winning and critically acclaimed television production labels include: Blakeway, Brook Lapping, Films of Record, Blakeway North, Reef Television and Tern Television, whose brands produce television and radio programmes for both UK and international broadcasters.
Zinc Communicate specialises in creating B2B communications strategies and behaviour change programmes, campaigns and resources for partners, businesses, and government departments
For further information on Zinc Media please visit: http://www.zincmedia.com/ 
Basis on which information is presented
In this document, references to "£", "pence" and "p" are to the lawful currency of the United Kingdom. All times referred to in this document are, unless otherwise stated, references to London time.




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 or visit www.rns.com.
 
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