LBG Media PLC Grant of Share Awards (8905Z)
17 January 2024 - 2:18AM
UK Regulatory
TIDMLBG
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 GBP0.001 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 Number of Maximum number
Shares Shares of Shares
(Base Award) (Stretch (Total Award)
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 investors@ladbiblegroup.com
Solly Solomou, Chief Executive Officer
Richard Jarvis, Chief Financial Officer
Mark Mochalski, Investor Relations
Fiona O'Nolan, Investor Relations
Zeus Capital Limited Tel: +44 (0) 161 831
(Nominated Adviser & Broker) 1512
Dan Bate / Nick Cowles (Investment Banking) www.zeuscapital.co.uk
Benjamin Robertson (Equity Capital Markets)
Peel Hunt LLP (Joint Broker) Tel: +44 (0) 207 418
Neil Patel 8990
Paul Gillam www.peelhunt.com
Richard Chambers
Media enquiries: Tel: +44 (0) 20 7466
Buchanan 5000
Richard Oldworth / Chris Lane / Toto www.buchanancomms.co.uk
Berger / Jack Devoy
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 Initial notification
/Amendment
---------------------------- -------------------------------------------
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 Ordinary Shares of 0.1 pence each in the
the financial instrument, Company ("Shares")
type of instrument
Identification ISIN: GB00BKPH9R58
code
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 Volume
share
Nil 1,255,980
-----------
---------------------------- -------------------------------------------
d) Aggregated Information n/a single transaction
Volume
Price
---------------------------- -------------------------------------------
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 Initial notification
/Amendment
---------------------------- -----------------------------------------------
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 Ordinary Shares of 0.1 pence each in the
the financial instrument, Company ("Shares")
type of instrument
Identification ISIN: GB00BKPH9R58
code
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 Volume
share
Nil 1,130,382
274,509
-----------
---------------------------- -----------------------------------------------
d) Aggregated Information n/a single transaction
Volume
Price
---------------------------- -----------------------------------------------
e) Date of transaction 15 Janaury 2024
---------------------------- -----------------------------------------------
f) Place of transaction Outside a trading venue
---------------------------- -----------------------------------------------
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END
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