Replacement: Payment of Raw Cut earn-out
Summary by AI BETAClose X
The headline for the Zinc Media Group plc announcement released on 30 June 2026 at 7.00am under RNS No 2356K should read "Payment of Raw Cut earn-out".
The announcement text is unchanged and is reproduced in full below.
30 June 2026
Zinc Media Group plc
("Zinc" or the "Group")
Payment of Raw Cut earn-out
Zinc Media Group plc (AIM: ZIN), the award-winning television, brand and audio production group, is pleased to announce that, following a strong trading performance by Raw Cut Limited ("Raw Cut"), Raw Cut has achieved its FY25 earn out target set out in the earn out terms.
As a result, a FY25 earn-out payment of £0.35m is payable to the vendors of Raw Cut (the "Vendors"), to be satisfied by the allotment of 661,625 new ordinary shares (the "Earn-Out Shares"), in accordance with the terms of the share purchase agreement (the "SPA"). The Earn-Out Shares are subject to specified lock-in periods under the SPA.
Furthermore, the Company announces that as part of Christopher Satterthwaite's (Non-Executive Chairman) annual remuneration package, it will issue a total of 66,163 new ordinary shares of 0.125 pence each in the capital of the Company ("Ordinary Shares").
The new Ordinary Shares will be issued to Christopher Satterthwaite in lieu of payment of director fees for the year to 30 June 2026.
The Earn-Out Shares and the new Ordinary Shares issued to Christopher are based on a price of 52.9 pence per new Ordinary Share being the trailing 30-day average share price to 26 June 2026.
Admission and Total Voting Rights
Application will be made to the London Stock Exchange for 727,788 new ordinary shares to be admitted to trading on AIM, with dealings expected to commence at 8 a.m. on or around 1 July 2026 ("Admission"). The new Ordinary Shares will rank pari passu with the existing Ordinary Shares. Following Admission, Zinc will have a total of 29,866,816 ordinary shares of 0.125 pence each in issue. Zinc does not hold any shares in treasury. Therefore, this figure may be used by shareholders as the denominator for calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Zinc under the FCA's Disclosure Guidance and Transparency Rules.
For further information, please contact:
Zinc Media Group plc +44 (0) 20 7878 2311
Mark Browning, CEO / Laura McGaughey, CFO
www.zincmedia.com
Singer Capital Markets (Nominated Adviser and Broker) +44 (0) 20 7496 3000
James Moat / Jalini Kalaravy
About Zinc Media Group
Zinc Media Group plc is a premium television and content creation group. The award-winning and critically acclaimed television labels comprise Atomic, Brook Lapping, Electric Violet, Raw Cut, Rex, Red Sauce, Supercollider, Tern Television, Tomas TV, along with Bumblebee Post-Production, and produce programmes across a wide range of factual genres for UK and international broadcasters.
Zinc Media Group's commercial content creation unit includes The Edge Picture Company, one of the UK's largest brand film-making companies, and Zinc Audio, specialising in podcasts and radio production.
For further information on Zinc Media please visit www.zincmedia.com
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