Everyman Media Group PLC Director/PDMR Shareholding (4713N)

TIDMEMAN

RNS Number : 4713N

Everyman Media Group PLC

23 January 2023

23 January 2023

Everyman Media Group PLC

("Everyman" or the "Company")

Director/PDMR Shareholding

On 8(th) April 2021, the Company announced that Alex Scrimgeour, Chief Executive Officer of Everyman, had been issued 2,000,000 A ordinary shares ("Growth Shares") in a subsidiary company, Everyman Media Holdings Ltd. The Growth Shares could be exchanged for new ordinary shares in Everyman Media Group PLC in the future, subject to meeting certain vesting conditions and share price performance criteria.

The Remuneration Committee of the Company has concluded that the share price performance condition attached to the Growth Shares was no longer appropriate. On 23(rd) January 2023, the Remuneration Committee amended the terms of the Growth Shares so that they can only vest if certain financial performance targets are met over the two years ending 2(nd) January 2025. To the extent that the vesting conditions and financial performance targets are met, the Growth Shares in Everyman Media Holdings Limited will entitle Mr Scrimgeour to receive an amount equivalent to the market value of an ordinary share in the Company less 86.0p, being the closing share price of the Company on 20(th) January 2023.

All other terms and conditions relating to the Growth Shares remain unchanged from those disclosed in the announcement released by the Company on 8(th) April 2021.

For further information, please contact:

 
 Everyman Media Group PLC                   Tel : [phone] 
                                             0500 
 Alex Scrimgeour, Chief Executive 
  Will Worsdell, Finance Director 
 
   Canaccord Genuity Limited - (Nominated     Tel : [phone] 
   Adviser and Broker)                        8000 
 Bobbie Hilliam 
 Harry Pardoe 
 Alma PR (Financial PR Advisor)              Tel: [phone] 
                                              0205 
 
 David Ison 
 Joe Pederzolli 
 
 
 
 Notification of a Transaction pursuant to Article 19(1) of the 
  EU Market Abuse Regulation (EU) No. 596/2014 as it forms part 
  of domestic law by virtue of the European Union (Withdrawal) Act 
  2018. 
 1        Details of the person discharging managerial responsibilities/person 
           closely associated 
-------  ----------------------------------------------------------------------------------------------------------- 
 a.       Name                                                    Mr Alex Scrimgeour 
                                                                 --------------------------------------------------- 
 2        Reason for notification 
 a.       Position/Status                                         Chief Executive Officer 
         ------------------------------------------------------  --------------------------------------------------- 
 b.       Initial notification/                                   Amendment 
           Amendment 
         ------------------------------------------------------  --------------------------------------------------- 
 3        Details of the issuer, emission allowance market participant, 
           auction platform, auctioneer or auction monitor 
         ----------------------------------------------------------------------------------------------------------- 
 a.       Name                                                    Everyman Media Group plc 
         ------------------------------------------------------ 
 b.       LEI                                                     213800XIF4R73HAM8S36 
         ------------------------------------------------------  --------------------------------------------------- 
 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                                      Growth shares which can be converted 
           financial instrument,                                  into Ordinary Shares of 10 pence each 
           type of instrument                                     GB00BFH55S51 
 
           Identification Code 
         ------------------------------------------------------  --------------------------------------------------- 
 b.       Nature of the transaction                               Amendment to terms of existing growth 
                                                                   shares 
         ------------------------------------------------------  --------------------------------------------------- 
 c.      Price(s) and volume(s)                                    Price(s)   Volume(s) 
                                                                    86.0p      2,000,000 
                                                                              ---------- 
         ------------------------------------------------------  --------------------------------------------------- 
 d.       Aggregated information                                   Not applicable - single transaction 
           - Aggregated Volume 
           - Price 
         ------------------------------------------------------  --------------------------------------------------- 
 e.       Date of the transaction                                 23 January 2023 
         ------------------------------------------------------  --------------------------------------------------- 
 f.       Place of the transaction                                Outside a trading venue 
         ------------------------------------------------------  --------------------------------------------------- 
 
 
 

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January 23, 2023 04:00 ET (09:00 GMT)