LBG MEDIA PLC — Remuneration Information 2024

Jan 16, 2024

National Storage Mechanism | Additional information

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 £0.001 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 Shares (Base Award)	Number of Shares (Stretch Award)	Maximum number of Shares (Total 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 Solly Solomou, Chief Executive Officer Richard Jarvis, Chief Financial Officer Mark Mochalski, Investor Relations Fiona O'Nolan, Investor Relations	investors@ladbiblegroup.com
Zeus Capital Limited (Nominated Adviser & 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.buchanancomms.co.uk

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 /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	1,255,980

d)

Aggregated Information

Volume

Price

n/a single transaction

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 /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 including the New Joiner Award

c)

Price(s) and volume(s)

Price per share	Volume
Nil	1,130,382 274,509

d)

Aggregated Information

Volume

Price

n/a single transaction

e)

Date of transaction

15 Janaury 2024

f)

Place of transaction

Outside a trading venue

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHFLFLELDIRLIS