LBG Media PLC Exercise of Options and Total Voting Rights (7131I)
10 August 2023 - 8:00AM
UK Regulatory
TIDMLBG
RNS Number : 7131I
LBG Media PLC
10 August 2023
10 August 2023
LBG Media plc
("LBG Media" or the "Company")
Exercise of Options and Total Voting Rights
LBG Media plc (AIM: LBG), the UK-based multi-brand,
multi-channel digital youth publisher, announces that, on 8 August
2023, it allotted 9,000 new ordinary shares of GBP0.001 each
("Shares") in the Company following the exercise of options granted
under the Company's Long Term Incentive Plan, details of which were
disclosed in the Company's Admission Document dated 7 December
2021.
Total Voting Rights
Application has been made to the London Stock Exchange for the
9,000 new Shares to be admitted to trading on AIM ("Admission"). It
is expected that Admission will become effective at 8.00 a.m. on 14
August 2023.
Following Admission, the total number of Shares and voting
rights in the Company will be 206,602,642. There are no Shares held
in treasury. This figure may be used by shareholders as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change to their
interest in, the share capital of the Company under the FCA's
Disclosure and Transparency Rules.
For further information please contact:
LBG Media plc Via Buchanan
Solly Solomou, Chief Executive Officer
Richard Jarvis, Chief Financial Officer
Zeus (Nominated Adviser & Sole Broker) Tel: +44 (0) 161 831
Dan Bate / Nick Cowles (Investment Banking) 1512
Benjamin Robertson (Equity Capital Markets) www.zeuscapital.co.uk
Media enquiries: Tel: +44 (0) 20 7466
Buchanan 5000
Richard Oldworth / Chris Lane / Toto www.buchanan.uk.com
Berger / Jack Devoy
Notes to editors
L BG 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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END
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