15 June 2023
LBG Media plc
("LBG Media", the "Company" or "Group")
Result of 2023 Annual General Meeting
LBG Media, 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 | 200,369,980 | 100.00% | 0 | 0.00% | 200,369,980 | 100 | 0 |
| 2. To elect Dave Wilson as a director | 198,088,462 | 100.00% | 499 | 0.00% | 200,369,980 | 100 | 2,281,019 |
| 3. To elect Alexander Solomou as a director | 200,369,481 | 100.00% | 499 | 0.00% | 200,369,980 | 100 | 0 |
| 4. To elect Arian Kalantari as a director | 200,369,980 | 100.00% | 499 | 0.00% | 200,369,980 | 100 | 0 |
| 5. To elect Richard Jarvis as a director | 200,369,980 | 100.00% | 0 | 0.00% | 200,369,980 | 100 | 0 |
| 6. To elect Richard Flint as a director. | 192,453,344 | 96.05% | 7,916,636 | 3.95% | 200,369,980 | 100 | 0 |
| 7. To elect Carol Kane as a director. | 195,959,600 | 98.93% | 2,129,361 | 1.07% | 200,369,980 | 100 | 2,281,019 |
| 8. To elect Alexandra Jarvis as a director | 200,369,980 | 100.00% | 0 | 0.00% | 200,369,980 | 100 | 0 |
| 9. To re-appoint BDO LLP as auditors | 200,369,980 | 100.00% | 0 | 0.00% | 200,369,980 | 100 | 0 |
| 10. To authorise the audit committee to determine auditor's remuneration | 200,369,481 | 100.00% | 499 | 0.00% | 200,369,980 | 100 | 0 |
| 11. To authorise the Directors to allot relevant securities | 192,453,344 | 96.05% | 7,916,636 | 3.95% | 200,369,980 | 100 | 0 |
| 12. To authorise the directors to allot equity securities for cash without making a pre-emptive offer to shareholders* | 192,453,344 | 96.05% | 7,916,636 | 3.95% | 200,369,980 | 100 | 0 |
| 13. To authorise the directors to allot equity securities for cash in relation to an acquisition or other capital investment* | 192,453,344 | 96.05% | 7,916,636 | 3.95% | 200,369,980 | 100 | 0 |
| 14. To authorise the Company to make market purchases of its own ordinary shares* | 200,369,980 | 100.00% | 0 | 0.00% | 200,369,980 | 100 | 0 |
*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 15 June 2023 was 206,530,642 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 Solly Solomou, Chief Executive Officer Richard Jarvis, Chief Financial Officer
| Via Buchanan |
| Zeus (Nominated Adviser & Broker) Dan Bate / Nick Cowles (Investment Banking) Benjamin Robertson (Equity Capital Markets)
| Tel: +44 (0) 161 831 1512 |
| Media enquiries Buchanan Richard Oldworth / Chris Lane / Toto Berger / Jack Devoy | Tel: +44 (0) 20 7466 5000 |
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 ten core 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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