LBG Media PLC Grant of Share Awards (8905Z)

TIDMLBG

RNS Number : 8905Z

LBG Media PLC

16 January 2024

16 January 2024

LBG Media plc

("LBG Media" or the "Company")

Grant of Share Awards

LBG Media plc (AIM: LBG), the UK-based multi-brand, multi-channel digital youth publisher, is pleased to announce that the following Directors/Persons Discharging Managerial Responsibility ("PDMRs") have been granted awards by way of nil cost options ("Options") under the Company's Long Term Incentive Plan (the "LTIP" or the "Plan"). The Awards entitle the PDMRs to acquire ordinary shares of GBP0.001 each in the Company ("Shares") up to the maximum number set out below, subject to the satisfaction of stretching performance conditions measured over a three year performance period and continued employment. The Awards consist of a "Base Award" (which will vest subject to stretching financial targets) and a "Stretch Award" (which will vest subject to stretching total shareholder return targets of 30% and 50% CAGR over the three financial years beginning FY23), together the "Total Award".

 
Name of PDMR        Title    Number of       Number of  Maximum number 
                              Shares          Shares     of Shares 
                              (Base Award)    (Stretch   (Total Award) 
                                              Award) 
                            --------------  ---------- 
Alexander "Solly" 
 Solomou            CEO      627,990         627,990    1,255,980 
                    ------  --------------  ----------  -------------- 
Richard Jarvis      CFO      565,191         565,191    1,130,382 
                    ------  --------------  ----------  -------------- 
 

In addition, in accordance with the terms of his appointment, as compensation for lost earnings and options from his previous employer, Richard Jarvis has been granted a further option under the Plan over 274,509 Shares, which shall vest on 11 April 2025 subject to continued employment (the "New Joiner Award").

Set out below are the notifications made in accordance with Article 19 of the UK Market Abuse Regulation.

For further information please contact:

 
 LBG Media plc                                  [e-mail] 
  Solly Solomou, Chief Executive Officer 
  Richard Jarvis, Chief Financial Officer 
  Mark Mochalski, Investor Relations 
  Fiona O'Nolan, Investor Relations 
 Zeus Capital Limited                           Tel: [phone] 
  (Nominated Adviser & Broker)                   1512 
  Dan Bate / Nick Cowles (Investment Banking)    www.zeuscapital.co.uk 
  Benjamin Robertson (Equity Capital Markets) 
 Peel Hunt LLP (Joint Broker)                   Tel: [phone] 
  Neil Patel                                     8990 
  Paul Gillam                                    www.peelhunt.com 
  Richard Chambers 
 Media enquiries:                               Tel: [phone] 
  Buchanan                                       5000 
  Richard Oldworth / Chris Lane / Toto           www.buchanancomms.co.uk 
  Berger / Jack Devoy 
 

Notification of Dealing Form:

 
  1     Details of the person discharging managerial responsibilities 
         / person closely associate 
  a)    Name                          Alexander Solomou 
      ----------------------------  ------------------------------------------- 
  2     Reason for the notification 
      ------------------------------------------------------------------------- 
  a)    Position/status               CEO 
      ----------------------------  ------------------------------------------- 
  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 of                Ordinary Shares of 0.1 pence each in the 
         the financial instrument,     Company ("Shares") 
         type of instrument 
        Identification                ISIN: GB00BKPH9R58 
         code 
 
  b)    Nature of the transaction     Grant of awards over Shares under the LBG 
                                       Media plc Long Term Incentive Plan 
      ----------------------------  ------------------------------------------- 
  c)    Price(s) and volume(s)           Price per     Volume 
                                           share 
                                          Nil           1,255,980 
                                                      ----------- 
      ----------------------------  ------------------------------------------- 
  d)    Aggregated Information         n/a single transaction 
 
         Volume 
 
         Price 
      ----------------------------  ------------------------------------------- 
  e)    Date of transaction           15 Janaury 2024 
      ----------------------------  ------------------------------------------- 
  f)    Place of transaction          Outside a trading venue 
      ----------------------------  ------------------------------------------- 
 
 
  1     Details of the person discharging managerial responsibilities 
         / person closely associate 
  a)    Name                          Richard Jarvis 
      ----------------------------  ----------------------------------------------- 
  2     Reason for the notification 
      ----------------------------------------------------------------------------- 
  a)    Position/status               CFO 
      ----------------------------  ----------------------------------------------- 
  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 of                Ordinary Shares of 0.1 pence each in the 
         the financial instrument,     Company ("Shares") 
         type of instrument 
        Identification                ISIN: GB00BKPH9R58 
         code 
 
  b)    Nature of the transaction     Grant of awards over Shares under the LBG 
                                       Media plc Long Term Incentive Plan including 
                                       the New Joiner Award 
      ----------------------------  ----------------------------------------------- 
  c)    Price(s) and volume(s)           Price per     Volume 
                                           share 
                                          Nil           1,130,382 
                                                         274,509 
                                                      ----------- 
      ----------------------------  ----------------------------------------------- 
  d)    Aggregated Information         n/a single transaction 
 
         Volume 
 
         Price 
      ----------------------------  ----------------------------------------------- 
  e)    Date of transaction           15 Janaury 2024 
      ----------------------------  ----------------------------------------------- 
  f)    Place of transaction          Outside a trading venue 
      ----------------------------  ----------------------------------------------- 
 

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January 16, 2024 10:18 ET (15:18 GMT)