RNS Number : 1704L
LBG Media PLC
18 April 2024
 

18 April 2024

LBG Media plc

("LBG Media" or the "Company")

Director/PDMR Shareholding

 

LBG Media plc, the UK-based multi-brand, multi-channel digital youth publisher, announces that it has been notified that Alexander (Solly) Solomou, Chief Executive Officer, and Richard Jarvis, Chief Financial Officer have purchased 341,929 and 13,835 ordinary shares of £0.001 each ("Shares") at a price of 72.75 and 72.24 pence per Share respectively. Solly conducted the purchase of 136,771 Shares in his own name and 205,158 in the name of Solo Investments Holding Limited (formally LAD Investments Limited), a company of which Alexander Solomou is a director and the sole shareholder.

 

Director

Position

Ordinary Shares held previously

% of total issued share capital held previously

Number of ordinary shares purchased

Resulting total number of Ordinary Shares held

Resulting % of issued share capital held

Alexander (Solly) Solomou

Chief Executive Officer

86,677,9991

41.46%

341,929 2

87,019,928

41.62%

Richard Jarvis

Chief Financial Officer

20,037

0.01%

13,835

33,872

0.01%

1The interests of Alexander Solomou include 82,163,713 Shares held by Solo Investments Holding Limited (formally LAD Investments Limited), and 4,514,286 held in his own name.

2Following this purchase Alexander Solomou is interested in 87,019,928 Shares including 82,368,871 Shares held by Solo Investments Holding Limited, and 4,651,057 held in his own name.

 

 

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, provides further detail.

 

Notification of Dealing Form:

 

1

Details of the person discharging managerial responsibilities / person closely associate

a)

 

Name

 

Alexander Solomou

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

 

LBG Media plc

b)

 

LEI

 

213800MF1QX5EE3RAV98

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 £0.001 each in the Company

Identification code

ISIN: GB00BKPH9R58



b)

 

Nature of the transaction

 

 

Purchase of Shares

 

c)

 

Price(s) and volume(s)

 

Price per Share

Volume

72.75 pence

341,929

 

d)

Aggregated Information

 

Volume

 

Price

 

 

Price per Share

Volume

72.75 pence

205,158

72.75 pence

136,771

e)

Date of transaction

18 April 2024

f)

Place of transaction

London Stock Exchange, AIM

 

 

1

Details of the person discharging managerial responsibilities / person closely associate

a)

 

Name

 

Richard Jarvis

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

 

LBG Media plc

b)

 

LEI

 

213800MF1QX5EE3RAV98

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 £0.001 each in the Company

Identification code

ISIN: GB00BKPH9R58



b)

 

Nature of the transaction

 

 

Purchase of Shares

 

c)

 

Price(s) and volume(s)

 

Price per Share

Volume

72.24 pence

13,835

 

d)

Aggregated Information

 

Volume

 

Price

 

 

NA

e)

Date of transaction

18 April 2024

f)

Place of transaction

London Stock Exchange, AIM

 

 

For further information please contact:

LBG Media plc

Solly Solomou, Chief Executive Officer

Richard Jarvis, Chief Financial Officer

Mark Mochalski, Investor Relations

Fiona O'Nolan, Investor Relations

Via Buchanan

Zeus (Nominated Adviser & Sole Broker)

Dan Bate / Nick Cowles (Investment Banking)

Benjamin Robertson (Equity Capital Markets)

Tel: +44 (0) 161 831 1512

www.zeuscapital.co.uk

Peel Hunt LLP (Joint Broker)

Neil Patel

Paul Gillam

Richard Chambers

Tel: +44 (0) 207 418 8990

www.peelhunt.com

Media enquiries:

Buchanan

Richard Oldworth / Chris Lane / Toto Berger / Jack Devoy

Tel: +44 (0) 20 7466 5000

www.buchanan.uk.com

 

 

About LBG Media

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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