Zinc Media Group PLC Completion of Acquisition (9866W)
24 August 2022 - 4:00PM
UK Regulatory
TIDMZIN
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 Number of Number of Percentage
Existing Placing Shares Ordinary of Enlarged
Ordinary subscribed Shares held Share Capital
Shares for in the on Admission on Admission
Placing
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:
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Christopher Satterthwaite
Name
--------------------------------------- -----------------------------------------
Reason for the notification
2
----------------------------------------------------------------------------------
a) Chairman
Position/status
--------------------------------------- -----------------------------------------
b)
Initial notification Initial Notification
/Amendment
--------------------------------------- -----------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------
a) Zinc Media Group plc
Name
--------------------------------------- -----------------------------------------
b) LEI 21380038V6N4I4P38D74
--------------------------------------- -----------------------------------------
Details of the transaction(s): section to be repeated
4 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 Ordinary shares of 0.125 pence each
financial instrument,
type of instrument
Identification code GB00BJVLR251
b) Subscription for Placing Shares
Nature of the transaction
--------------------------------------- -----------------------------------------
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) 23 August 2022
Date of the transaction
--------------------------------------- -----------------------------------------
f) Outside a trading venue
Place of the transaction
--------------------------------------- -----------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Mark Browning
Name
--------------------------------------- -----------------------------------------
Reason for the notification
2
----------------------------------------------------------------------------------
a) Chief Executive Officer
Position/status
--------------------------------------- -----------------------------------------
b)
Initial notification Initial Notification
/Amendment
--------------------------------------- -----------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------
a) Zinc Media Group plc
Name
--------------------------------------- -----------------------------------------
b) LEI 21380038V6N4I4P38D74
--------------------------------------- -----------------------------------------
Details of the transaction(s): section to be repeated
4 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 Ordinary shares of 0.125 pence each
financial instrument,
type of instrument
Identification code GB00BJVLR251
b) Subscription for Placing Shares
Nature of the transaction
--------------------------------------- -----------------------------------------
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) 23 August 2022
Date of the transaction
--------------------------------------- -----------------------------------------
f) Outside a trading venue
Place of the transaction
--------------------------------------- -----------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Will Sawyer
Name
--------------------------------------- ----------------------------------------
Reason for the notification
2
---------------------------------------------------------------------------------
a) Chief Financial Officer
Position/status
--------------------------------------- ----------------------------------------
b) Initial Notification
Initial notification
/Amendment
--------------------------------------- ----------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------------
a) Zinc Media Group plc
Name
--------------------------------------- ----------------------------------------
b) LEI 21380038V6N4I4P38D74
--------------------------------------- ----------------------------------------
Details of the transaction(s): section to be repeated
4 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 Ordinary shares of 0.125 pence each
financial instrument,
type of instrument
Identification code GB00BJVLR251
b) Subscription for Placing Shares
Nature of the transaction
--------------------------------------- ----------------------------------------
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) 23 August 2022
Date of the transaction
--------------------------------------- ----------------------------------------
f) Outside a trading venue
Place of the transaction
--------------------------------------- ----------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Andrew Garard
Name
--------------------------------------- ----------------------------------------
Reason for the notification
2
---------------------------------------------------------------------------------
a) Non-Executive Director
Position/status
--------------------------------------- ----------------------------------------
b) Initial Notification
Initial notification
/Amendment
--------------------------------------- ----------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------------
a) Zinc Media Group plc
Name
--------------------------------------- ----------------------------------------
b) LEI 21380038V6N4I4P38D74
--------------------------------------- ----------------------------------------
Details of the transaction(s): section to be repeated
4 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 Ordinary shares of 0.125 pence each
financial instrument,
type of instrument
Identification code GB00BJVLR251
b) Subscription for Placing Shares
Nature of the transaction
--------------------------------------- ----------------------------------------
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) 23 August 2022
Date of the transaction
--------------------------------------- ----------------------------------------
f) Outside a trading venue
Place of the transaction
--------------------------------------- ----------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Nicholas Taylor
Name
-------------------------------------- ----------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------
a) Non-Executive Director
Position/status
-------------------------------------- ----------------------------------------
b) Initial Notification
Initial notification
/Amendment
-------------------------------------- ----------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------
a) Zinc Media Group plc
Name
-------------------------------------- ----------------------------------------
b) LEI 21380038V6N4I4P38D74
-------------------------------------- ----------------------------------------
Details of the transaction(s): section to be repeated
4 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 Ordinary shares of 0.125 pence each
financial instrument,
type of instrument
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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END
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