Grant of Share Awards

Source: RNS
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 £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

 

investors@ladbiblegroup.com

Zeus Capital Limited

(Nominated Adviser & Broker)

Dan Bate / Nick Cowles (Investment Banking)

Benjamin Robertson (Equity Capital Markets)

 

 

Tel: +44 (0) 161 831 1512

www.zeuscapital.co.uk

Peel Hunt LLP (Joint Broker)

Neil Patel

Paul Gillam

Richard Chambers

Tel: +44 (0) 207 418 8990
www.peelhunt.com

Media enquiries:

Buchanan

Richard Oldworth / Chris Lane / Toto Berger / Jack Devoy

Tel: +44 (0) 20 7466 5000

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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