Zinc Media Group PLC Director Share Options (2585D)

TIDMZIN

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 GBP3.5 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:

 
                                   Number of Existing 
Director/Senior                     Ordinary Shares 
 Personnel         Date granted     waived 
Mark Browning      17 May 2019     78,616,352 
                  --------------  ------------------- 
                   12 November 
Will Sawyer         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:

 
                    Number of Ordinary  Option price  Vesting period 
 Director/Senior     Shares subject 
  Personnel          to option grant 
                                                        3 years ending 14 February 
 Mark Browning      474,230               0.125p         2023 
                   -------------------  ------------  ---------------------------- 
                                                        3 years ending 14 February 
 Will Sawyer        237,115               0.125p         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 GBP0.90 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 GBP1.35 for a period of 30 consecutive Dealing Days ending on or after 14th February 2023.

 
        Details of the person discharging managerial responsibilities 
   1     / 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             Options over Ordinary shares 
         instrument, type of instrument           of 0.125p each 
         Identification code                      GB00BJVLR251 
       ---------------------------------------  --------------------------------- 
 b)     Nature of transaction                    Grant of Options 
       ---------------------------------------  --------------------------------- 
 c)     Price(s) and volume(s)                   Price(s)           Volume(s) 
       ---------------------------------------  -----------------  -------------- 
                                                 GBP0.00125         474,230 
 ---------------------------------------------  -----------------  -------------- 
  Aggregated information 
   - Aggregated volume                             474,230 
   - Price                                         Exercise price of 0.125pence 
 ---------------------------------------------  --------------------------------- 
 e)     Date of the transaction                  14 February 2020 
       ---------------------------------------  --------------------------------- 
 f)     Place of the transaction                 Outside of a trading venue 
       ---------------------------------------  --------------------------------- 
 
 
        Details of the person discharging managerial responsibilities 
   1     / 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             Options over Ordinary shares 
         instrument, type of instrument           of 0.125p each 
         Identification code                      GB00BJVLR251 
       ---------------------------------------  ---------------------------------- 
 b)     Nature of transaction                    Grant of Options 
       ---------------------------------------  ---------------------------------- 
 c)     Price(s) and volume(s)                   Price(s)            Volume(s) 
       ---------------------------------------  ------------------  -------------- 
                                                 GBP0.00125          237,115 
 ---------------------------------------------  ------------------  -------------- 
  Aggregated information 
   - Aggregated volume                             237,115 
   - Price                                         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 [phone]

Mark Browning, CEO / Will Sawyer, CFO

www.zincmedia.com

    N+1 Singer (NOMAD and Joint Broker to Zinc Media)             [phone] 

Mark Taylor / Lauren Kettle

 
 Peterhouse Capital Limited (Joint Broker)    [phone] 
 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 "GBP", "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 [e-mail] or visit www.rns.com.

END

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February 17, 2020 11:02 ET (16:02 GMT)