Zinc Media Group plc
("Zinc Media" or the "Group")
Completion of Acquisition
Zinc Media Group plc (AIM: ZIN), the award-winning television, brand and audio production Group, is pleased to announce, further to the announcement made on 3 August 2022 and the announcement of the result of the General Meeting on 22 August 2022, the completion of the acquisition of the entire issued share capital of The Edge Picture Co Limited following Admission of the New Ordinary Shares to trading on AIM yesterday and payment by the Company of the balance of the initial cash consideration, each in accordance with the terms of the Acquisition Agreement.
Director/PDMR Dealings
The Company also confirms the participation of all the Directors in the Placing pursuant to the announcement on 3 August 2022 as follows:
| Director | Number of Existing Ordinary Shares | Number of Placing Shares subscribed for in the Placing | Number of Ordinary Shares held on Admission | Percentage of Enlarged Share Capital on Admission |
| Christopher Satterthwaite (Chairman) | 125,364 | 15,000 | 140,364 | 0.64% |
| Mark Browning (Chief Executive Officer) | 194,618 | 30,000 | 224,618 | 1.03% |
| Will Sawyer (Chief Financial Officer) | 74,138 | 15,000 | 89,138 | 0.41% |
| Andrew Garard (Non-Executive Director) | 41,666 | 15,000 | 56,666 | 0.26% |
| Nicholas Taylor (Non-Executive Director) | 13,889 | 10,000 | 23,889 | 0.11% |
Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as defined in the Circular, published by the Company on 4 August 2022.
Mark Browning, Chief Executive Officer of Zinc Media Group plc, commented:
"This acquisition, supported by significant new investment, has bucked the current market because it is consistent with our stated strategy, is synergistic with our current portfolio and is priced at a sensible valuation multiple. The level of support from new and existing shareholders for this acquisition has been overwhelming, and we thank all investors for their ongoing support. Together with our employees and clients we are building a premium content creation Group with the ambition and financial backing to operate at significant scale"
Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as defined in the Circular, published by the Company on 4 August 2022.
Enquiries:
| Zinc Media Group plc www.zincmedia.com Mark Browning (Chief Executive Officer) Will Sawyer (Chief Financial Officer) | +44 (0) 20 7878 2311
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| Singer Capital Markets (Nominated Adviser and Broker) Mark Taylor / George Tzimas / Alex Emslie | +44 (0) 207 496 3000 |
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
| Chairman | |||
| 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 | Ordinary shares of 0.125 pence each
| |||
| | | ||||
| Identification code | GB00BJVLR251 | ||||
| | | ||||
| b)
|
Nature of the transaction
| Subscription for Placing Shares | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | 100 pence | 15,000 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | N/A - Single transaction | ||||
| | | ||||
| - Price | | ||||
| | | ||||
| e)
|
Date of the transaction
| 23 August 2022 | |||
| f)
|
Place of the transaction
| Outside a trading venue | |||
| 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 | Ordinary shares of 0.125 pence each
| |||
| | | ||||
| Identification code | GB00BJVLR251 | ||||
| | | ||||
| b)
|
Nature of the transaction
| Subscription for Placing Shares | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | 100 pence | 30,000 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | N/A - Single transaction | ||||
| | | ||||
| - Price | | ||||
| | | ||||
| e)
|
Date of the transaction
| 23 August 2022 | |||
| f)
|
Place of the transaction
| Outside 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 | Ordinary shares of 0.125 pence each
| |||
| | | ||||
| Identification code | GB00BJVLR251 | ||||
| | | ||||
| b)
|
Nature of the transaction
| Subscription for Placing Shares | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | 100 pence | 15,000 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | N/A - Single transaction | ||||
| | | ||||
| - Price | | ||||
| | | ||||
| e)
|
Date of the transaction
| 23 August 2022 | |||
| f)
|
Place of the transaction
| Outside a trading venue | |||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
| a)
|
Name
| Andrew Garard | |||
| 2
| Reason for the notification
| ||||
| a)
|
Position/status
| Non-Executive Director | |||
| 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 | Ordinary shares of 0.125 pence each
| |||
| | | ||||
| Identification code | GB00BJVLR251 | ||||
| | | ||||
| b)
|
Nature of the transaction
| Subscription for Placing Shares | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | 100 pence | 15,000 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | N/A - Single transaction | ||||
| | | ||||
| - Price | | ||||
| | | ||||
| e)
|
Date of the transaction
| 23 August 2022 | |||
| f)
|
Place of the transaction
| Outside a trading venue | |||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
| a)
|
Name
| Nicholas Taylor | |||
| 2
| Reason for the notification
| ||||
| a)
|
Position/status
| Non-Executive Director | |||
| 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 | Ordinary shares of 0.125 pence each
| |||
| | | ||||
| Identification code | GB00BJVLR251 | ||||
| | | ||||
| b)
| Nature of the transaction
| Subscription for Placing Shares | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | 100 pence | 10,000 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | N/A - Single transaction | ||||
| | | ||||
| - Price | | ||||
| | | ||||
| e)
| Date of the transaction
| 23 August 2022 | |||
| f)
| Place of the transaction
| Outside a trading venue | |||
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