18 April 2024
LBG Media
plc
("LBG Media" or the
"Company")
Director/PDMR
Shareholding
LBG Media plc, the UK-based
multi-brand, multi-channel digital youth publisher,
announces that it has been notified that Alexander
(Solly) Solomou, Chief Executive Officer, and Richard Jarvis, Chief
Financial Officer have purchased 341,929 and 13,835 ordinary shares
of £0.001 each ("Shares") at a price of 72.75 and 72.24 pence per
Share respectively. Solly conducted the purchase of 136,771 Shares
in his own name and 205,158 in the name of Solo Investments Holding
Limited (formally LAD Investments Limited), a company of which
Alexander Solomou is a director and the sole
shareholder.
|
Director
|
Position
|
Ordinary Shares held
previously
|
% of total issued share
capital held previously
|
Number of ordinary shares
purchased
|
Resulting total number of
Ordinary Shares held
|
Resulting % of issued share
capital held
|
|
Alexander (Solly) Solomou
|
Chief Executive Officer
|
86,677,9991
|
41.46%
|
341,929
2
|
87,019,928
|
41.62%
|
|
Richard Jarvis
|
Chief Financial Officer
|
20,037
|
0.01%
|
13,835
|
33,872
|
0.01%
|
1The interests of Alexander
Solomou include 82,163,713 Shares held by Solo Investments Holding
Limited (formally LAD Investments Limited), and 4,514,286 held in
his own name.
2Following this purchase
Alexander Solomou is interested in 87,019,928 Shares including
82,368,871 Shares held by Solo Investments Holding Limited, and
4,651,057 held in his own name.
The notification below, made in
accordance with the requirements of the EU Market Abuse Regulation
as it forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018, provides further detail.
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
|
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
|
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 £0.001 each in
the Company
|
|
Identification code
|
ISIN: GB00BKPH9R58
|
|
|
|
|
b)
|
Nature of the transaction
|
Purchase of Shares
|
|
c)
|
Price(s) and volume(s)
|
|
Price per Share
|
Volume
|
|
72.75 pence
|
341,929
|
|
|
d)
|
Aggregated Information
Volume
Price
|
|
Price per Share
|
Volume
|
|
72.75 pence
|
205,158
|
|
72.75 pence
|
136,771
|
|
|
e)
|
Date of transaction
|
18 April 2024
|
|
f)
|
Place of transaction
|
London Stock Exchange,
AIM
|
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associate
|
|
a)
|
Name
|
Richard Jarvis
|
|
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
|
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 £0.001 each in
the Company
|
|
Identification code
|
ISIN: GB00BKPH9R58
|
|
|
|
|
b)
|
Nature of the transaction
|
Purchase of Shares
|
|
c)
|
Price(s) and volume(s)
|
|
Price per Share
|
Volume
|
|
72.24 pence
|
13,835
|
|
|
d)
|
Aggregated Information
Volume
Price
|
NA
|
|
e)
|
Date of transaction
|
18 April 2024
|
|
f)
|
Place of transaction
|
London Stock Exchange,
AIM
|
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
|
Via
Buchanan
|
|
Zeus (Nominated Adviser & Sole 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.buchanan.uk.com
|
About LBG Media
LBG Media is a multi-brand,
multi-channel digital youth publisher and is a leading disrupter in
the digital media and social publishing sectors. The Group produces
and distributes digital content across a range of mediums including
video, editorial, image, audio, and experience (virtual and
augmented reality). Since its inception in 2012, the Group has
curated a diverse collection of specialist brands using social
media platforms (primarily Facebook, Instagram, Snapchat,
Twitter, YouTube and TikTok) and has built multiple websites to
reach new audiences and drive engagement. Each brand is dedicated
to a distinct popular interest point (e.g. sport, gaming etc.),
which is designed to achieve broader engagement, increase relevance
and ultimately build a loyal community of followers.
The Group operates two core routes
to market: Direct revenue, which is principally generated from the
provision of content marketing services to corporates, brand
owners, marketing agencies and other entities such as government
bodies and where the relationship with the client is held directly
by LBG Media; and Indirect revenue, which is generated via a
third-party, such as a social media platform or via a programmatic
advertising exchange / online marketplace, which holds the
relationship with the brand owner or agency.
