Zinc Media Group PLC Tern Television Earnout (1037U)

TIDMZIN

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 [phone]

Christopher Satterthwaite, Chairman

Mark Browning, CEO

Will Sawyer, CFO

www.zincmedia.com

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

Mark Taylor / Lauren Kettle (Corporate Finance)

Mia Gardner (Corporate Broking)

 
 Peterhouse Corporate Finance Limited 
  (Joint Broker)                           [phone] 
 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                   Initial 
        /Amendment 
      -------------------------------------  ---------------------------------------- 
 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                     Ordinary shares of 0.00025 pence each 
        financial instrument, 
        type of instrument 
                                               GB00BX7RGN99 
        Identification code 
      -------------------------------------  ---------------------------------------- 
 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                 N/A 
 
        - Aggregated volume 
 
        - Price 
      -------------------------------------  ---------------------------------------- 
 e)    Date of the transaction                1 November 2019 
      -------------------------------------  ---------------------------------------- 
 f)    Place of the transaction               Outside a trading venue 
      -------------------------------------  ---------------------------------------- 
 

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END

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November 20, 2019 09:42 ET (14:42 GMT)