Business
Replacement: Payment of Raw Cut earn-out
Zinc Media Group plc announced the payment of a £0.35 million FY25 earn-out for Raw Cut Limited, satisfied by the allotment of 661,625 new ordinary shares to Raw Cut's vendors. Additionally, Non-Executive Chairman Christopher Satterthwaite will receive 66,163 new ordinary shares in lieu of director fees for the year ending 30 June 2026. Both share issuances are based on a price of 52.9 pence per share, reflecting the trailing 30-day average. A total of 727,788 new ordinary shares will be admitted to trading on AIM, bringing the total issued share capital to 29,866,816 shares. Disclaimer*
About this update from Zinc Media Group Plc
The headline for the Zinc Media Group plc announcement released on 30 June 2026 at 7.00am under RNS No 2356K should read "Payment of Raw Cut earn-out". The announcement text is unchanged and is reproduced in full below. 30 June 2026 Zinc Media Group plc ("Zinc" or the "Group") Payment of Raw Cut earn-out Zinc Media Group plc (AIM: ZIN), the award-winning television, brand and audio production group, is pleased to announce that, following a strong trading performance by Raw Cut Limited ("Raw Cut"), Raw Cut has achieved its FY25 earn out target set out in the earn out terms. As a result, a FY25 earn-out payment of £0.35m is payable to the vendors of Raw Cut (the "Vendors"), to be satisfied by the allotment of 661,625 new ordinary shares (the "Earn-Out Shares"), in accordance with the terms of the share purchase agreement (the "SPA"). The Earn-Out Shares are subject to specified lock-in periods under the SPA. Furthermore, the Company announces that as part of Christopher Satterthwaite's (Non-Executive Chairman) annual remuneration package, it will issue a total of 66,163 new ordinary shares of 0.125 pence each in the capital of the Company ("Ordinary Shares"). The new Ordinary Shares will be issued to Christopher Satterthwaite in lieu of payment of director fees for the year to 30 June 2026. The Earn-Out Shares and the new Ordinary Shares issued to Christopher are based on a price of 52.9 pence per new Ordinary Share being the trailing 30-day average share price to 26 June 2026. Admission and Total Voting Rights Application will be made to the London Stock Exchange for 727,788 new ordinary shares to be admitted to trading on AIM, with dealings expected to commence at 8 a.m. on or around 1 July 2026 ("Admission"). The new Ordinary Shares will rank pari passu with the existing Ordinary Shares. Following Admission, Zinc will have a total of 29,866,816 ordinary shares of 0.125 pence each in issue. Zinc 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, Zinc under the FCA's Disclosure Guidance and Transparency Rules. For further information, please contact: Zinc Media Group plc  ...
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