23 January 2023
Everyman Media Group PLC
("Everyman" or the "Company")
Director/PDMR Shareholding
On 8th April 2021, the Company announced that Alex Scrimgeour, Chief Executive Officer of Everyman, had been issued 2,000,000 A ordinary shares ("Growth Shares") in a subsidiary company, Everyman Media Holdings Ltd. The Growth Shares could be exchanged for new ordinary shares in Everyman Media Group PLC in the future, subject to meeting certain vesting conditions and share price performance criteria.
The Remuneration Committee of the Company has concluded that the share price performance condition attached to the Growth Shares was no longer appropriate. On 23rd January 2023, the Remuneration Committee amended the terms of the Growth Shares so that they can only vest if certain financial performance targets are met over the two years ending 2nd January 2025. To the extent that the vesting conditions and financial performance targets are met, the Growth Shares in Everyman Media Holdings Limited will entitle Mr Scrimgeour to receive an amount equivalent to the market value of an ordinary share in the Company less 86.0p, being the closing share price of the Company on 20th January 2023.
All other terms and conditions relating to the Growth Shares remain unchanged from those disclosed in the announcement released by the Company on 8th April 2021.
For further information, please contact:
| Everyman Media Group PLC | Tel : +44 (0)20 3145 0500 |
| Alex Scrimgeour, Chief Executive Will Worsdell, Finance Director
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Canaccord Genuity Limited - (Nominated Adviser and Broker) |
Tel : +44 (0)20 7523 8000 |
| Bobbie Hilliam |
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| Harry Pardoe |
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| Alma PR (Financial PR Advisor) | Tel: +44 (0)20 3405 0205 |
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| David Ison |
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| Joe Pederzolli |
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| Notification of a Transaction pursuant to Article 19(1) of the EU Market Abuse Regulation (EU) No. 596/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018. | | ||||||||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | | |||||||||||
| a. | Name | Mr Alex Scrimgeour | | ||||||||||
| 2 | Reason for notification
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| a. | Position/Status | Chief Executive Officer | | ||||||||||
| b. | Initial notification/ Amendment | Amendment | | ||||||||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | | |||||||||||
| a. | Name | Everyman Media Group plc | | ||||||||||
| b. | LEI | 213800XIF4R73HAM8S36 | | ||||||||||
| 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 | Growth shares which can be converted into Ordinary Shares of 10 pence each GB00BFH55S51
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| b. | Nature of the transaction | Amendment to terms of existing growth shares | | ||||||||||
| c. | Price(s) and volume(s) |
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| d. | Aggregated information - Aggregated Volume - Price | Not applicable - single transaction
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| e. | Date of the transaction | 23 January 2023 | | ||||||||||
| f. | Place of the transaction | Outside a trading venue | | ||||||||||
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