Business
Director Shareholdings and Grant of Options
Director Shareholdings and Grant of Options.
About this update from Zinc Media Group Plc
[{"type":"text","content":"\n\n \n22 August 2024\nZinc Media Group plc \n(\"Zinc\" or the \"Group\")\nDirector Shareholdings and Grant of Options\nZinc Media Group plc (AIM: ZIN), the award-winning television, brand and audio production group, announces that as part of Christopher Satterthwaite's (Non-Executive Chairman) annual remuneration package it has issued, conditional on Admission, a total of 38,053 new ordinary shares of 0.125 pence each in the capital of the Company (\"Ordinary Shares\"). \nThe new Ordinary Shares have been issued to Christopher Satterthwaite in lieu of payment of director fees for the year to 30 June 2024, as part of Christopher's contractual arrangements with the Group. The new Ordinary Shares were issued to Christopher at a price of 83.22 pence per new Ordinary Share being the trailing 30-day average share price to 30 June 2024.\nApplication has been made for the 38,053 new Ordinary Shares to be admitted to trading on AIM. It is expected that the dealings in these new Ordinary Shares will commence on 28 August 2024. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares.\nTotal Voting Rights\nFollowing Admission, the Company will have a total of 22,803,380 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 FCA's Disclosure Guidance and Transparency Rules.\nGrant of Options\nThe Group granted options over Ordinary Shares in the Company (the \"Options\") on 22 August 2024 to certain executive directors. In line with existing remuneration arrangements, the Options reflect the vesting of existing share options which achieved the vesting hurdle in 2023 and 2024.\n\n\n\n\nDirector/Senior Personnel\n\n\nNumber of Ordinary Shares subject to option grant\n\n\nOption price\n\n\nVesting period\n\n\n\n\nMark Browning\n\n\n474,230\n\n\n0.125p\n\n\n22 August 2027 - 22 August 2034\n\n\n\n\nWill Sawyer\n\n\n237,115\n\n\n0.125p\n\n\n22 August 2027 - 22 August 2034\n\n\n\n\n \nThe awards have been made under two schemes, the Company's EMI Share Option Scheme (85,600 Ordinary Shares for Mark Browning and 118,558 Ordinary Shares for Will Sa...