Completion of Acquisition

Source: RNS
RNS Number : 9866W
Zinc Media Group PLC
24 August 2022
 

Zinc Media Group plc 

("Zinc Media" or the "Group")

Completion of Acquisition

Zinc Media Group plc (AIM: ZIN), the award-winning television, brand and audio production Group, is pleased to announce, further to the announcement made on 3 August 2022 and the announcement of the result of the General Meeting on 22 August 2022, the completion of the acquisition of the entire issued share capital of The Edge Picture Co Limited following Admission of the New Ordinary Shares to trading on AIM yesterday and payment by the Company of the balance of the initial cash consideration, each in accordance with the terms of the Acquisition Agreement.

Director/PDMR Dealings

The Company also confirms the participation of all the Directors in the Placing pursuant to the announcement on 3 August 2022 as follows:

Director

Number of Existing Ordinary Shares

Number of Placing Shares subscribed for in the Placing

Number of Ordinary Shares held on Admission

Percentage of Enlarged Share Capital on Admission

Christopher Satterthwaite

(Chairman)

125,364

15,000

140,364

0.64%

Mark Browning

(Chief Executive Officer)

194,618

30,000

224,618

1.03%

Will Sawyer

(Chief Financial Officer)

74,138

15,000

89,138

0.41%

Andrew Garard

(Non-Executive Director)

41,666

15,000

56,666

0.26%

Nicholas Taylor

(Non-Executive Director)

13,889

10,000

23,889

0.11%

 

Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as defined in the Circular, published by the Company on 4 August 2022.

Mark Browning, Chief Executive Officer of Zinc Media Group plc, commented:

"This acquisition, supported by significant new investment, has bucked the current market because it is consistent with our stated strategy, is synergistic with our current portfolio and is priced at a sensible valuation multiple. The level of support from new and existing shareholders for this acquisition has been overwhelming, and we thank all investors for their ongoing support. Together with our employees and clients we are building a premium content creation Group with the ambition and financial backing to operate at significant scale"

Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as defined in the Circular, published by the Company on 4 August 2022.

Enquiries:

Zinc Media Group plc

www.zincmedia.com

Mark Browning (Chief Executive Officer)

Will Sawyer (Chief Financial Officer)

+44 (0) 20 7878 2311

 

 

 

Singer Capital Markets (Nominated Adviser and Broker)

Mark Taylor / George Tzimas / Alex Emslie

+44 (0) 207 496 3000

 

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

 

Name

 

Christopher Satterthwaite

2

 

Reason for the notification

 

a)

 

 

Position/status

 

Chairman

b)

 

 

Initial notification /Amendment

 

               

Initial Notification

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

Ordinary shares of 0.125 pence each

 



Identification code

GB00BJVLR251



b)

 

 

Nature of the transaction

 

Subscription for Placing Shares

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




100 pence

15,000







d)

 

Aggregated information




- Aggregated volume

N/A - Single transaction



- Price




e)

 

 

Date of the transaction

 

23 August 2022

f)

 

 

Place of the transaction

 

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

 

Name

 

Mark Browning

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

 

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

Ordinary shares of 0.125 pence each

 



Identification code

GB00BJVLR251



b)

 

 

Nature of the transaction

 

Subscription for Placing Shares

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




100 pence

30,000







d)

 

Aggregated information




- Aggregated volume

N/A - Single transaction



- Price




e)

 

 

Date of the transaction

 

23 August 2022

f)

 

 

Place of the transaction

 

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

 

Name

 

Will Sawyer

2

 

Reason for the notification

 

a)

 

 

Position/status

 

Chief Financial Officer

b)

 

 

Initial notification /Amendment

 

Initial Notification

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

Ordinary shares of 0.125 pence each

 



Identification code

GB00BJVLR251



b)

 

 

Nature of the transaction

 

Subscription for Placing Shares

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




100 pence

15,000







d)

 

Aggregated information




- Aggregated volume

N/A - Single transaction



- Price




e)

 

 

Date of the transaction

 

23 August 2022

f)

 

 

Place of the transaction

 

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

 

Name

 

Andrew Garard

2

 

Reason for the notification

 

a)

 

 

Position/status

 

Non-Executive Director

b)

 

 

Initial notification /Amendment

 

Initial Notification

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

Ordinary shares of 0.125 pence each

 



Identification code

GB00BJVLR251



b)

 

 

Nature of the transaction

 

Subscription for Placing Shares

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




100 pence

15,000







d)

 

Aggregated information




- Aggregated volume

N/A - Single transaction



- Price




e)

 

 

Date of the transaction

 

23 August 2022

f)

 

 

Place of the transaction

 

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

 

Name

 

Nicholas Taylor

2

 

Reason for the notification

 

a)

 

 

Position/status

 

Non-Executive Director

b)

 

 

Initial notification /Amendment

 

Initial Notification

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

Ordinary shares of 0.125 pence each

 



Identification code

GB00BJVLR251



b)

 

Nature of the transaction

 

 

Subscription for Placing Shares

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




100 pence

10,000







d)

 

Aggregated information




- Aggregated volume

N/A - Single transaction



- Price




e)

 

Date of the transaction

 

 

23 August 2022

f)

 

Place of the transaction

 

 

Outside a trading venue

 

 

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