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Zinc Media Group PLC (ZIN)

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Wednesday 20 November, 2019

Zinc Media Group PLC

Tern Television Earnout

RNS Number : 1037U
Zinc Media Group PLC
20 November 2019
 

20 November 2019

 

Zinc Media Group plc

 

("Zinc Media", the "Company" or the "Group")

 

Further re: Tern Television Earnout

 

Further to its announcement of 1 November 2019, Zinc Media Group plc (AIM: ZIN), the leading TV and multimedia content producer, confirms that as part of the issue of new ordinary shares to the vendors of Tern Television Limited (the "Vendor Shares"), Harry Bell, Executive Director of the Company, received 11,462,229 Vendor Shares. Following the issue of the Vendor Shares, Harry holds a total of 51,263,032 ordinary shares, equivalent to 3.44 per cent. of the issued share capital of the Company.

 

In addition, David Strachan and Gwyneth Hardy received 13,066,888 and 10,405,990 Vendor Shares, respectively, as part of the issue; as a result of which David now holds 59,792,638 ordinary shares and Gwyneth now holds 47,226,602 ordinary shares, equivalent to 4.01 per cent. and 3.17 per cent. of the issued share capital of the Company, respectively.

 

For further information, please contact:

 

Zinc Media Group plc                                                                +44 (0) 20 7878 2311

Christopher Satterthwaite, Chairman

Mark Browning, CEO

Will Sawyer, CFO

www.zincmedia.com

 

N+1 Singer (NOMAD and Joint Broker to Zinc Media)            +44 (0) 20 7496 3000

Mark Taylor / Lauren Kettle (Corporate Finance)

Mia Gardner (Corporate Broking)

 

Peterhouse Corporate Finance Limited (Joint Broker)

+44 (0) 20 7469 0932

Martin Lampshire / Duncan Vasey / Eran Zucker

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

Harry Bell

2

Reason for the notification

a)

Position/status

Executive Director

b)

Initial notification /Amendment

Initial

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Zinc Media Group plc

b)

LEI

21380038V6N4I4P38D74

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

 

Identification code

 

Ordinary shares of 0.00025 pence each

 

 

GB00BX7RGN99

 

b)

Nature of the transaction

Issue of ordinary shares

c)

 

Price(s) and volume(s)

 

Price

Volume

0.3005p

11,462,229

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

N/A

e)

Date of the transaction

1 November 2019

f)

Place of the transaction

Outside a trading venue

 


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