LBG MEDIA PLC — AGM Information 2023

Jun 15, 2023

National Storage Mechanism | Additional information

RNS Number : 8814C

LBG Media PLC

15 June 2023

15 June 2023

LBG Media plc

("LBG Media", the "Company" or "Group")

Result of 2023 Annual General Meeting

LBG Media, the UK-based multi-brand, multi-channel digital youth publisher, is pleased to announce that all of the resolutions set out in the Notice of AGM were passed by the requisite majority at the Company's AGM, held earlier today.

Details of the proxy votes received by the Company are as follows:

	For		Against		Total Votes		Withheld
	No. of votes	%	No. of votes	%	No. of votes	%	No. of votes
1.     To receive the Annual Report and Accounts	200,369,980	100.00%	0	0.00%	200,369,980	100	0
2.     To elect Dave Wilson as a director	198,088,462	100.00%	499	0.00%	200,369,980	100	2,281,019
3.     To elect Alexander Solomou as a director	200,369,481	100.00%	499	0.00%	200,369,980	100	0
4.     To elect Arian Kalantari as a director	200,369,980	100.00%	499	0.00%	200,369,980	100	0
5.     To elect Richard Jarvis as a director	200,369,980	100.00%	0	0.00%	200,369,980	100	0
6.     To elect Richard Flint as a director.	192,453,344	96.05%	7,916,636	3.95%	200,369,980	100	0
7.     To elect Carol Kane as a director.	195,959,600	98.93%	2,129,361	1.07%	200,369,980	100	2,281,019
8.     To elect Alexandra Jarvis as a director	200,369,980	100.00%	0	0.00%	200,369,980	100	0
9.     To re-appoint BDO LLP as auditors	200,369,980	100.00%	0	0.00%	200,369,980	100	0
10.   To authorise the audit committee to determine auditor's remuneration	200,369,481	100.00%	499	0.00%	200,369,980	100	0
11.   To authorise the Directors to allot relevant securities	192,453,344	96.05%	7,916,636	3.95%	200,369,980	100	0
12.   To authorise the directors to allot equity securities for cash without making a pre-emptive offer to shareholders*	192,453,344	96.05%	7,916,636	3.95%	200,369,980	100	0
13.   To authorise the directors to allot equity securities for cash in relation to an acquisition or other capital investment*	192,453,344	96.05%	7,916,636	3.95%	200,369,980	100	0
14.   To authorise the Company to make market purchases of its own ordinary shares*	200,369,980	100.00%	0	0.00%	200,369,980	100	0

*Special resolution

Notes:

1.    Proxy appointments which gave discretion to the Chairman of the AGM have been included in the "For" total for the appropriate resolution.

2.    Votes "For" and "Against" any resolution are expressed as a percentage of votes validly cast for that resolution.

3.    A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against".

4.    The number of shares in issue on 15 June 2023 was 206,530,642 with no shares in treasury. 

5.    The full text of the resolutions passed at the AGM can be found in the Notice of Annual General Meeting which is available on the Company's website at www.lbgmedia.co.uk.

For further information please contact:

LBG Media plc Solly Solomou, Chief Executive Officer Richard Jarvis, Chief Financial Officer	Via Buchanan
Zeus (Nominated Adviser & Broker) Dan Bate / Nick Cowles (Investment Banking) Benjamin Robertson (Equity Capital Markets)	Tel: +44 (0) 161 831 1512 www.zeuscapital.co.uk
Media enquiries Buchanan Richard Oldworth / Chris Lane / Toto Berger / Jack Devoy	Tel: +44 (0) 20 7466 5000 www.buchanan.uk.com

Notes to editors

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 ten core 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.

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