Business
Exercise of Options, Director Dealings and TVR
Exercise of Options, Director Dealings and TVR.
About this update from Lbg Media Plc
[{"type":"text","content":"\n\n \n04 January 2024\n \n \nLBG Media plc\n(the \"Company\")\n \n \nExercise of Options, Director Dealings and Total Voting Rights\n \n \nLBG Media plc, the owner of the global leader in youth publishing LADbible Group, announces that the Company has allotted and issued 2,459,098 new ordinary shares of £0.001 each (\"Ordinary Shares\") in the Company (the \"Option Shares\") pursuant to the exercise of options (\"Options\") that were awarded to certain Directors prior to the IPO of the Company in 2021 (the \"Pre IPO Awards\").\nThe Pre-IPO Awards were one-off awards which vested and became exercisable on the second anniversary of the Company's admission to AIM, conditional on the award holder continuing to serve as a Non-Executive Director at that time. Full details of the Pre IPO Awards were documented in the Admission Document dated 07 December 2021. The Options were exercised by David Wilson (Non-Executive Chairman) and Carol Kane (Non-Executive Director) (together the \"Share Option Participants\"). Details in relation to the Option Shares issued to the Share Option Participants are contained in the table below.\nThe Share Option Participants have sold, in aggregate, 1,350,628 Option Shares at a price of approximately 78.4 pence per Option Share, in order to finance the cost of exercising the Options, the resulting income tax and National Insurance liabilities.\nFollowing the exercise of Options and the sale of Option Shares, a total of 1,506,514 Ordinary Shares, are held by the Share Option Participants representing an increase in aggregate holdings from 0.19% to 0.72% of the issued share capital of the Company. \nThe table below details their interests in the share capital of the Company:\n\n\n\n\nDirector\n\n\nPosition\n\n\nOrdinary Shares held previously\n\n\n% of total issued share capital\n\n\nNumber of Ordinary Shares over which Options exercised\n\n\nNumber of Ordinary Shares sold\n\n\nResulting total number of Ordinary Shares held\n\n\n% of enlarged issued share capital\n\n\n\n\nDavid Wilson\n\n\nNon Executive Chairman\n\n\n398,044\n\n\n0.19%\n\n\n1,030,527\n\n\n566,004\n\n\n862,567\n\n\n0.41%\n\n\n\n\nCarol Kane\n\n\nNon Executive Director\n\n\nNil\n\n\nNil\n\n\n1,428,571\n\n\n784,624\n\n\n643,947\n\n\n0.31%\n\n\n\n\nTOTAL\n\n\n \n\n\n398,044\n\n\n0.19%\n\n\n2,459...