REG - LBG Media PLC - Result of AGM

LBG MediaAnnouncement

23/05/2024 16:45

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RNS Number : 7256P  LBG Media PLC  23 May 2024

23 May 2024

LBG Media plc

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

Result of 2024 Annual General Meeting

 

LBG Media plc, 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                                191,572,846   100.00%  0             0.00%  200,369,980   100     0
 2.     To elect Dave Wilson as a director                                       191,572,846   100.00%  0             0.00%  200,369,980   100     0
 3.     To elect Alexander Solomou as a director                                 191,572,846   100.00%  0             0.00%  200,369,980   100     0
 4.     To elect Richard Jarvis as a director                                    191,572,846   100.00%  0             0.00%  200,369,980   100     0
 5.     To elect Richard Flint as a director                                     183,771,713   95.93%   7,801,133     4.07%  200,369,980   100     0
 6.     To elect Carol Kane as a director                                        190,028,986   99.19%   1,543,860     0.81%  200,369,980   100     0
 7.     To elect Alexandra Jarvis as a director                                  191,572,846   100.00%  0             0.00%  200,369,980   100     0
 8.     To re-appoint BDO LLP as auditors                                        191,572,846   100.00%  0             0.00%  200,369,980   100     0
 9.     To authorise the audit committee to determine auditor's                  191,572,846   100.00%  0             0.00%  200,369,980   100     0
 remuneration
 10.   To authorise the Directors to allot relevant securities                   183,769,695   95.93%   7,803,151     4.07%  200,369,980   100     0
 11.   To authorise the directors to allot equity securities for cash without    183,769,695   95.93%   7,803,151     4.07%  200,369,980   100     0
 making a pre-emptive offer to shareholders*
 12.   To authorise the directors to allot equity securities for cash in         183,769,695   95.93%   7,803,151     4.07%  200,369,980   100     0
 relation to an acquisition or other capital investment*
 13.   To authorise the Company to make market purchases of its own ordinary     191,572,846   100.00%  0             0.00%  200,369,980   100     0
 shares*

*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 23 May 2024 was 209,079,740 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                                              Via Buchanan

 Solly Solomou, Chief Executive Officer

 Richard Jarvis, Chief Financial Officer

 Mark Mochalski, Investor Relations

 Fiona O'Nolan, Investor Relations

 Zeus (Nominated Adviser & 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 Gilam

 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

 

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 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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