REG - Zinc Media Group PLC - Tern Television Earnout

Zinc MediaAnnouncement

20/11/2019 14:45

RNS Number : 1037U
Zinc Media Group PLC
20 November 2019
 


20 November 2019
 
Zinc Media Group plc
 
("Zinc Media", the "Company" or the "Group")
 
Further re: Tern Television Earnout
 
Further to its announcement of 1 November 2019, Zinc Media Group plc (AIM: ZIN), the leading TV and multimedia content producer, confirms that as part of the issue of new ordinary shares to the vendors of Tern Television Limited (the "Vendor Shares"), Harry Bell, Executive Director of the Company, received 11,462,229 Vendor Shares. Following the issue of the Vendor Shares, Harry holds a total of 51,263,032 ordinary shares, equivalent to 3.44 per cent. of the issued share capital of the Company.
 
In addition, David Strachan and Gwyneth Hardy received 13,066,888 and 10,405,990 Vendor Shares, respectively, as part of the issue; as a result of which David now holds 59,792,638 ordinary shares and Gwyneth now holds 47,226,602 ordinary shares, equivalent to 4.01 per cent. and 3.17 per cent. of the issued share capital of the Company, respectively.
 
For further information, please contact:
 
Zinc Media Group plc                                                                +44 (0) 20 7878 2311
Christopher Satterthwaite, Chairman
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 (Corporate Finance)
Mia Gardner (Corporate Broking)
 




Peterhouse Corporate Finance Limited (Joint Broker)


+44 (0) 20 7469 0932




Martin Lampshire / Duncan Vasey / Eran Zucker


 




 




1
 


Details of the person discharging managerial responsibilities / person closely associated
 




a)


Name


Harry Bell




2


Reason for the notification




a)


Position/status


Executive Director




b)


Initial notification /Amendment


Initial




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
 


Ordinary shares of 0.00025 pence each
 
 
GB00BX7RGN99
 




b)


Nature of the transaction


Issue of ordinary shares




c)
 


Price(s) and volume(s)
 


Price


Volume




0.3005p


11,462,229




d)
 


Aggregated information
 
- Aggregated volume
 
- Price
 


N/A




e)


Date of the transaction


1 November 2019




f)


Place of the transaction


Outside a trading venue




 




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.
 
END
 
 
FURLLFVSLTLIFIA