News
Director/PDMR Shareholding
07 August 2024
LBG Media plc, the UK-based multi-brand, multi-channel digital youth publisher, announces that it has been notified that Carol Kane, Non-Executive Director, has purchased 16,300 and 15,700 ordinary shares of £0.001 each ("Shares") at a price of 123.07 and 128.73 pence per Share respectively.
Following this purchase, Carol Kane is beneficially interested in 743,177 Shares, representing 0.4% of the issued share capital of the Company.
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 | Carol Kane |
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 | 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 | a) Purchase of Shares b) Purchase of Shares |
c)
| Price(s) and volume(s) | a) Price: 123.07 pence Volume: 16,300 b) Price: 128.73 pence Volume: 15,700 |
d) | Aggregated Information | Price: 125.85 Volume: 32,000 |
e) | Date of transaction | a) 5 August 2024 b) 6 August 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 Matthew Lee, 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 |
Peel Hunt LLP (Joint Broker) Neil Patel Benjamin Cryer Kate Bannatyne | Tel: +44 (0) 207 418 8990 |
Media enquiries: Buchanan Richard Oldworth / Chris Lane / Toto Berger / Jack Devoy | Tel: +44 (0) 20 7466 5000 |
About LBG Media
LBG Media is a global digital entertainment business with a focus on young adults and 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, X, 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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