REG - LBG Media PLC - Director/PDMR Shareholding

LBG MediaAnnouncement

18/04/2024 09:45

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RNS Number : 1704L  LBG Media PLC  18 April 2024

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  86,677,999(1)                    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%

(1)The 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.

(2)Following 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

Price per Share  Volume
      Volume                                                       72.75 pence      205,158

                                                            72.75 pence      136,771

      Price
 e)   Date of transaction                                          18 April 2024
 f)   Place of transaction                                         London Stock Exchange, AIM

 

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                                                       NA

      Price
 e)   Date of transaction                                          18 April 2024
 f)   Place of transaction                                         London Stock Exchange, AIM

 

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                                              Via Buchanan

 Solly Solomou, Chief Executive Officer

 Richard Jarvis, Chief Financial Officer

 Mark Mochalski, Investor Relations

 Fiona O'Nolan, Investor Relations
 Zeus (Nominated Adviser & Sole Broker)                     Tel: +44 (0) 161 831 1512

 Dan Bate / Nick Cowles (Investment Banking)                www.zeuscapital.co.uk (http://www.zeuscapital.co.uk/)

 Benjamin Robertson (Equity Capital Markets)
 Peel Hunt LLP (Joint Broker)                               Tel: +44 (0) 207 418 8990

 Neil Patel                                                 www.peelhunt.com (http://www.peelhunt.com)

 Paul Gillam

 Richard Chambers
 Media enquiries:                                           Tel: +44 (0) 20 7466 5000

 Buchanan                                                   www.buchanan.uk.com (http://www.buchanan.uk.com/)

 Richard Oldworth / Chris Lane / Toto Berger / Jack Devoy

 

 

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.

 

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