Business
Director Shareholdings
Director Shareholdings.
About this update from Zinc Media Group Plc
[{"type":"text","content":"\n\n \n24 August 2023\nZinc Media Group plc \n(\"Zinc\" or the \"Group\")\nDirector Shareholdings\nZinc Media Group plc (AIM: ZIN), the award-winning television, brand and audio production group, announces that it proposes to issue, conditional on Admission (as defined below), a total of 303,856 new ordinary shares of 0.125 pence each in the capital of the Company (\"New Ordinary Shares\") to Christopher Satterthwaite (Chairman) as part of his annual remuneration package and to Mark Browning (CEO) and Will Sawyer (CFO) in relation to the exercise of share options.\nThe New Ordinary Shares issued to Christopher Satterthwaite (Non-Executive Chairman) were issued at a price of 88.80 pence per New Ordinary Share being the trailing 30-day average share price. The New Ordinary Shares are being issued in lieu of payment of director fees, as part of Christopher's contractual arrangements with the Group. The New Ordinary Shares issued to Mark Browning and Will Sawyer relate to the exercise of share options that were awarded under the Company's EMI Share Option Scheme in February 2020 and have been exercised at a price of 0.125 pence per share.\n Following the issue of the New Ordinary Shares, the directors' shareholdings are as follows: \n\n\n\nDirector\n\n\nNumber of Ordinary Shares held prior to the issue of New Ordinary Shares\n\n\n% of ISC\n\n\nNew Ordinary\nShares to be issued\n\n\nNumber of Ordinary Shares held post issue of New Ordinary Shares\n\n\n% of ISC\n\n\n\n\nChristopher Satterthwaite\n\n\n169,220\n\n\n0.78%\n\n\n33,783\n\n\n203,003\n\n\n0.92%\n\n\n\n\nMark Browning\n\n\n224,618\n\n\n1.03%\n\n\n151,515\n\n\n376,133\n\n\n1.70%\n\n\n\n\nWill Sawyer\n\n\n89,138\n\n\n0.41%\n\n\n118,558\n\n\n207,696\n\n\n0.94%\n\n\n\n \nApplication will be made to the London Stock Exchange for all the New Ordinary Shares to be admitted to trading on AIM, with dealings expected to commence at 8 a.m. on or around 31 August 2023 (\"Admission\"). Following Admission, the Company will have a total of 22,110,690 ordinary shares of 0.125 pence each in issue. The Company does not hold any shares in treasury. Therefore, this figure may be used by shareholders as the denominator for calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FC...