Grant of Share Awards

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 £0.001 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 Shares (Base Award)	Number of Shares (Stretch Award)	Maximum number of Shares (Total 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 Solly Solomou, Chief Executive Officer Richard Jarvis, Chief Financial Officer Mark Mochalski, Investor Relations Fiona O'Nolan, Investor Relations	[e-mail]
Zeus Capital Limited (Nominated Adviser & Broker) Dan Bate / Nick Cowles (Investment Banking) Benjamin Robertson (Equity Capital Markets)	Tel: [phone] www.zeuscapital.co.uk
Peel Hunt LLP (Joint Broker) Neil Patel Paul Gillam Richard Chambers	Tel: [phone] www.peelhunt.com
Media enquiries: Buchanan Richard Oldworth / Chris Lane / Toto Berger / Jack Devoy	Tel: [phone] www.buchanancomms.co.uk

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 /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	Grant of awards over Shares under the LBG Media plc Long Term Incentive Plan
c)	Price(s) and volume(s)	Price per share Volume Nil 1,255,980
d)	Aggregated Information Volume Price	n/a single transaction
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 /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	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 share Volume Nil 1,130,382 274,509
d)	Aggregated Information Volume Price	n/a single transaction
e)	Date of transaction	15 Janaury 2024
f)	Place of transaction	Outside a trading venue

 

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