LBG MEDIA PLC — Director's Dealing 2021

Dec 23, 2021

National Storage Mechanism | Additional information

RNS Number : 5584W

LBG Media PLC

23 December 2021

23 December 2021   

LBG Media plc

("LBG Media" or the "Company")

Director/PDMR Shareholding

LBG Media plc (AIM: LBG), the UK-based multi-brand, multi-channel digital youth publisher, is pleased to announce that, as previously set out in the Admission Document, the following Directors and Persons Discharging Managerial Responsibility ("PDMRs") have been granted awards by way of a nil cost option ("Base Award") and an acquisition of shares in LBG Holdco Limited (the "Stretch Award"), together the "Total Award", under the Company's Long Term Incentive Plan (the "LTIP" or the "Plan"). The Awards entitle the PDMRs to acquire ordinary shares of £0.001 each in the Company ("Shares") up to the maximum number set out below, subject to the satisfaction of certain performance conditions and continued employment.

As previously set out in in the Admission Document (available on the Group's website  www.lbgmedia.co.uk),  the Base Amount will be subject to stretching financial targets over the three financial years beginning FY22. Subject to and conditional on the achievement of the Base Amount, the Stretch Amount will vest subject to stretching total shareholder return targets of 25%, 50% and 75% CAGR over the three financial years beginning FY22.

Name of PDMR	Title	Number of Shares (Base Award)	Number of Shares (Stretch Award)	Maximum  number of Shares (Total Award)
Alexander "Solly" Solomou	Co-founder & CEO	160,714	803,572	964,286
Arian Kalantari	Co-founder & COO	144,642	723,215	867,857
Tim Croston	CFO	144,642	723,215	867,857
Colin Gottlieb	Chief Growth Officer	144,642	723,215	867,857

The maximum aggregate number of Shares that can be issued pursuant to the Total Award is 3,567,857 Shares (the "Award Shares").  In the event all of the Award Shares are issued, and no other Shares have been issued by the Company at that time, the Award Shares will represent 1.7% of the resulting issued share capital of the Company. In the event all of the Award Shares are issued, and all other existing options over Shares are exercised ("Total Option Shares"), and no other Shares have been issued by the Company at that time, the Total Option Shares will represent 5.0% of the resulting issued share capital of the Company if 75% CAGR total shareholder return is achieved over the performance period (i.e. resulting in a share price of £9.38).

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 Solly Solomou, Co-founder & CEO Arian Kalantari, Co-founder & COO Tim Croston, CFO	Via Buchanan
Zeus Capital Limited (Nominated Adviser, Sole Bookrunner & Sole Broker) Dan Bate (Corporate Finance) Nick Cowles (Corporate Finance) 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

Notification of Dealing Form:

1

Details of the person discharging managerial responsibilities / person closely associate

a)

Name

Solly Solomou

Arian Kalantari

Tim Croston

Colin Gottlieb

2

Reason for the notification

a)

Position/status

Co-founder & CEO

Co-founder & COO

CFO

Chief Growth 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 0.1 pence each in the Company ("Shares")

Identification code

ISIN: GB00BKPH9R58

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 share	Volume
Nil	Solly Solomou: 964,286 Arian Kalantari: 867,857 Tim Croston: 867,857 Colin Gottlieb: 867,857

d)

Aggregated Information

Volume

Price

n/a single transaction

e)

Date of transaction

22 December 2021

f)

Place of transaction

Outside a trading venue

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