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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Lbg Media Plc | LSE:LBG | London | Ordinary Share | GB00BKPH9R58 | ORD GBP0.001 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 124.00 | 120.00 | 123.00 | 19,195 | 13:30:05 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Miscellaneous Publishing | 67.75M | 1.67M | 0.0081 | 153.09 | 256.01M |
From Dec 2023 to Dec 2024
TIDMLBG
RNS Number : 6989Y
LBG Media PLC
04 January 2024
04 January 2024
LBG Media plc
(the "Company")
Exercise of Options, Director Dealings and Total Voting Rights
LBG Media plc, the owner of the global leader in youth publishing LADbible Group, announces that the Company has allotted and issued 2,459,098 new ordinary shares of GBP0.001 each ("Ordinary Shares") in the Company (the "Option Shares") pursuant to the exercise of options ("Options") that were awarded to certain Directors prior to the IPO of the Company in 2021 (the "Pre IPO Awards").
The Pre-IPO Awards were one-off awards which vested and became exercisable on the second anniversary of the Company's admission to AIM, conditional on the award holder continuing to serve as a Non-Executive Director at that time. Full details of the Pre IPO Awards were documented in the Admission Document dated 07 December 2021. The Options were exercised by David Wilson (Non-Executive Chairman) and Carol Kane (Non-Executive Director) (together the "Share Option Participants"). Details in relation to the Option Shares issued to the Share Option Participants are contained in the table below.
The Share Option Participants have sold, in aggregate, 1,350,628 Option Shares at a price of approximately 78.4 pence per Option Share, in order to finance the cost of exercising the Options, the resulting income tax and National Insurance liabilities.
Following the exercise of Options and the sale of Option Shares, a total of 1,506,514 Ordinary Shares, are held by the Share Option Participants representing an increase in aggregate holdings from 0.19% to 0.72% of the issued share capital of the Company.
The table below details their interests in the share capital of the Company:
Hot Features
Premium
Number Resulting
% of of Ordinary total % of
total Shares Number number enlarged
Ordinary issued over which of Ordinary of Ordinary issued
Shares share Options Shares Shares share
D irector P osition held previously capital exercised sold held capital
David Non Executive
Wilson Chairman 398,044 0.19% 1,030,527 566,004 862,567 0.41%
--------------- ----------------- --------- ------------- ------------- ------------- ----------
Carol Non Executive
Kane Director Nil Nil 1,428,571 784,624 643,947 0.31%
--------------- ----------------- --------- ------------- ------------- ------------- ----------
TOTAL 398,044 0.19% 2,459,098 1,350,628 1,506,514 0.72%
----------------- --------- ------------- ------------- ------------- ----------
Admission and Total Voting Rights
Application has been made for the 2,459,098 new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission and dealings in those shares will commence at 8.00 a.m. on 08 January 2024.
The Company advises that, immediately following Admission, there will be 209,079,740 Ordinary Shares in issue, with one voting right each. The Company does not hold any shares in treasury. The number of Ordinary Shares with voting rights will therefore be 209,079,740. Accordingly, this number should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, provides further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name David Wilson
---------------------- ----------------------------------------
2 Reason for the notification
----------------------------------------------------------------
a) Position/status Non Executive Chairman
---------------------- ----------------------------------------
b) Initial notification Initial notification
/Amendment
---------------------- ----------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
----------------------------------------------------------------
a) Name LBG Media plc
---------------------- ----------------------------------------
b) LEI 213800MF1QX5EE3RAV98
---------------------- ----------------------------------------
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 Ordinary shares of GBP0.001 each in
of the financial the Company
instrument,
type of instrument
Identification
code ISIN: GB00BKPH9R58
---------------------- ----------------------------------------
b) Nature of (i) Exercise of options
the transaction (ii) Sale of Ordinary shares
---------------------- ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) (i) GBP0.001 1,030,527
(ii) GBP0.784447 566,004
----------
---------------------- ----------------------------------------
d) Aggregated Price(s) Volume(s)
information (i) GBP0.001 1,030,527
- Aggregated
volume
- Price (ii) GBP0.784447 566,004
----------
---------------------- ----------------------------------------
e) Date of the 03 January 2024
transaction
---------------------- ----------------------------------------
f) Place of the London Stock Exchange, AIM
transaction
---------------------- ----------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Carol Kane
---------------------- ----------------------------------------
2 Reason for the notification
----------------------------------------------------------------
a) Position/status Non Executive Director
---------------------- ----------------------------------------
b) Initial notification Initial notification
/Amendment
---------------------- ----------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
----------------------------------------------------------------
a) Name LBG Media plc
---------------------- ----------------------------------------
b) LEI 213800MF1QX5EE3RAV98
---------------------- ----------------------------------------
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 Ordinary shares of GBP0.001 each in
of the financial the Company
instrument,
type of instrument
Identification
code ISIN: GB00BKPH9R58
---------------------- ----------------------------------------
b) Nature of (i) Exercise of options
the transaction (ii) Sale of Ordinary shares
---------------------- ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) (i) GBP0.001 1,428,571
(ii) GBP0.784447 784,624
----------
---------------------- ----------------------------------------
d) Aggregated Price(s) Volume(s)
information (i) GBP0.001 1,428,571
- Aggregated
volume
- Price (ii) GBP0.784447 784,624
----------
---------------------- ----------------------------------------
e) Date of the 03 January 2024
transaction
---------------------- ----------------------------------------
f) Place of the London Stock Exchange, AIM
transaction
---------------------- ----------------------------------------
For further information please contact:
LBG Media plc Via Buchanan Solly Solomou, Chief Executive Officer Richard Jarvis, Chief Financial Officer Zeus (Nominated Adviser & Joint Broker) Tel: +44 (0) 161 831 Dan Bate / Nick Cowles (Investment Banking) 1512 Benjamin Robertson (Equity Capital Markets) www.zeuscapital.co.uk Peel Hunt LLP (Joint Broker) Tel: +44 (0) 207 418 Neil Patel 8990 Paul Gillam www.peelhunt.com Richard Chambers Media enquiries: Tel: +44 (0) 20 7466 Buchanan 5000 Richard Oldworth / Chris Lane / Toto www.buchanan.uk.com Berger / Jack Devoy
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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
IOEEADFLEDXLEFA
(END) Dow Jones Newswires
January 04, 2024 08:39 ET (13:39 GMT)
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