Director/PDMR Shareholding

RNS Number : 7476F

LBG Media PLC

09 November 2022

 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

LBG Media plc

("LBG Media" or the "Company")

Director/PDMR Shareholding

LBG Media plc (AIM: LBG), the UK-based multi-brand, multi-channel digital youth publisher, announces that it has been notified that Alexander (Solly) Solomou, Chief Executive Officer, bought 900,000* ordinary shares of £0.001 each ("Shares") at a price of 51 pence per Share. 

Following this transaction, Solly is beneficially interested in 86,627,999 Shares, representing 41.97 per cent. of the Company's issued share capital.

* 400,000 Shares were acquired in Solly's own name, and 500,000 Shares were acquired in the name of LAD Investments Limited, a company which is wholly owned by Solly.

For further information please contact:

LBG Media plc Solly Solomou, Co-founder & CEO Arian Kalantari, Co-founder & COO Tim Croston, CFO	Via Buchanan
Zeus (Nominated Adviser & Sole Broker) Dan Bate / Nick Cowles (Investment Banking) Benjamin Robertson (Equity Capital Markets)	Tel: [phone] www.zeuscapital.co.uk
Media enquiries: Buchanan Richard Oldworth / Chris Lane / Toto Berger / Jack Devoy	Tel: [phone] www.buchanan.uk.com

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	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	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 the financial instrument, type of instrument	Ordinary Shares of 0.1 pence each in the Company ("Shares")
	Identification code	ISIN: GB00BKPH9R58
b)	Nature of the transaction	Purchase of shares by: (a)  Alexander Solomou (b)  LAD Investments Limited (wholly owned by Alexander Solomou)
c)	Price(s) and volume(s)	Price per Share Volume (a)  51 pence (GBP) 400,000 (b)  51 pence (GBP) 500,000
d)	Aggregated Information Volume Price	Price per Share Volume 51 pence (GBP) 900,000
e)	Date of transaction	8 November 2022
f)	Place of transaction	London Stock Exchange, AIM

 

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