REG - Zinc Media Group PLC - Director Shareholdings and Grant of Options

Zinc MediaAnnouncement

22/08/2024 07:01

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RNS Number : 3169B  Zinc Media Group PLC  22 August 2024

 

22 August 2024

Zinc Media Group plc

("Zinc" or the "Group")

Director Shareholdings and Grant of Options

Zinc Media Group plc (AIM: ZIN), the award-winning television, brand and audio
production group, announces that as part of Christopher Satterthwaite's
(Non-Executive Chairman) annual remuneration package it has issued,
conditional on Admission, a total of 38,053 new ordinary shares of 0.125 pence
each in the capital of the Company ("Ordinary Shares").

The new Ordinary Shares have been issued to Christopher Satterthwaite in lieu
of payment of director fees for the year to 30 June 2024, as part of
Christopher's contractual arrangements with the Group. The new Ordinary Shares
were issued to Christopher at a price of 83.22 pence per new Ordinary Share
being the trailing 30-day average share price to 30 June 2024.

Application has been made for the 38,053 new Ordinary Shares to be admitted to
trading on AIM. It is expected that the dealings in these new Ordinary Shares
will commence on 28 August 2024. The new Ordinary Shares will rank pari passu
with the existing Ordinary Shares.

Total Voting Rights

Following Admission, the Company will have a total of 22,803,380 ordinary
shares of 0.125 pence each in issue. The Company does not hold any shares in
treasury. Therefore, this figure may be used by shareholders as the
denominator for calculations by which they will determine if they are required
to notify their interest in, or a change to their interest in, the Company
under the FCA's Disclosure Guidance and Transparency Rules.

Grant of Options

The Group granted options over Ordinary Shares in the Company (the "Options")
on 22 August 2024 to certain executive directors. In line with existing
remuneration arrangements, the Options reflect the vesting of existing share
options which achieved the vesting hurdle in 2023 and 2024.

 Director/Senior Personnel  Number of Ordinary Shares subject to option grant  Option price  Vesting period
 Mark Browning              474,230                                            0.125p        22 August 2027 - 22 August 2034
 Will Sawyer                237,115                                            0.125p        22 August 2027 - 22 August 2034

 

The awards have been made under two schemes, the Company's EMI Share Option
Scheme (85,600 Ordinary Shares for Mark Browning and 118,558 Ordinary Shares
for Will Sawyer) and an Unapproved Share Option Scheme (388,630 Ordinary
Shares for Mark Browning and 118,557 Ordinary Shares for Will Sawyer).

 

The Options were granted under the condition that half of the Options granted
to each director will vest if the Ordinary Share price is at least £0.70 for
a period of 30 consecutive Dealing Days ending on or after 22 August 2027, and
the other half will vest if the share price is at least £1.05 for a period of
30 consecutive Dealing Days ending on or after 22 August 2027, which
represents a 50% increase in the current share price. These conditions follow
the same principles used for the grant of options to directors in previous
years.

 

 

For further information, please contact:

 Zinc Media Group plc                                   +44 (0) 20 7878 2311

 Mark Browning, CEO / Will Sawyer, CFO

 www.zincmedia.com (http://www.zincmedia.com)

 Singer Capital Markets (Nominated Adviser and Broker)           +44 (0) 20 7496 3000

 James Moat / Sam Butcher

 

About Zinc Media Group

Zinc Media Group plc is a premium television and content creation group.

The award-winning and critically acclaimed television labels comprise Brook
Lapping, Red Sauce, Supercollider, Tern Television, Rex and Atomic, along with
Bumblebee Post Production, and produce programmes across a wide range of
factual genres for UK and international broadcasters.

The Edge Picture Company produces film content for brands and corporates in
the UK, Qatar and other international markets. Zinc Communicate produces
podcasts and radio as well as providing a bespoke publishing solution in
partnership with industry bodies.

For further information on Zinc Media please visit www.zincmedia.com
(http://www.zincmedia.com) www.zincmedia.com

 

Basis on which information is presented

In this document, references to "£", "pence" and "p" are to the lawful
currency of the United Kingdom. All times referred to in this document are,
unless otherwise stated, references to London time.

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Christopher Satterthwaite
 2    Reason for the notification
 a)   Position/status                                              Non-Executive Chairman
 b)   Initial notification /Amendment                              Initial
 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Zinc Media Group plc
 b)   LEI                                                          21380038V6N4I4P38D74
 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 0.125p each

      Identification code

                                                                   GB00BJVLR251
 b)   Nature of the transaction                                    Issue of Ordinary Shares
 c)   Price(s) and volume(s)                                       Price(s)  Volume(s)

                                                            £0.8322   38,053

 d)   Aggregated information                                       N/A

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      20 August 2024
 f)   Place of the transaction                                     Off-market transaction

d)

 

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

20 August 2024

f)

Place of the transaction

Off-market transaction

 

  1   Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Mark Browning

 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                                                         Zinc Media Group plc
 b)   LEI                                                          21380038V6N4I4P38D74
 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  Options over Ordinary shares of 0.125p each

      Identification code                                          GB00BJVLR251

 b)   Nature of transaction                                        Grant of Options
 c)   Price(s) and volume(s)                                       Price(s)                     Volume(s)
                                                                   Nil                          474,230
      Aggregated information

      -      Aggregated volume                                     N/A

      -      Price
 e)   Date of the transaction                                      20 August 2024
 f)   Place of the transaction                                     Outside of a trading venue

 

  1   Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Will Sawyer
 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                                                         Zinc Media Group plc
 b)   LEI                                                          21380038V6N4I4P38D74
 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  Options over Ordinary Shares of 0.125p each

      Identification code                                          GB00BJVLR251

 b)   Nature of transaction                                        Grant of Options
 c)   Price(s) and volume(s)                                       Price(s)                     Volume(s)
                                                                   Nil                          237,115
      Aggregated information

      -      Aggregated volume                                     N/A

      -      Price
 e)   Date of the transaction                                      20 August 2024
 f)   Place of the transaction                                     Outside of a trading venue

 

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