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LBG Media plc announced on 28 March 2025 that all eleven resolutions at its 2025 Annual General Meeting were passed by the requisite majority. Shareholders approved the election of Dave Dilson (99.57% of votes), Alexander Solomou (100.00%), Carol Kane (95.71%), and Alexandra Jarvis (100.00%) as directors. Additionally, BDO LLP was re-appointed as auditors (100.00%), and the company was authorised to make market purchases of its own ordinary shares (100.00%) from a total of 209,079,740 shares in issue.
| Date | 28 Mar 2025 |
| Time | 15:50:55 |
| Category | AGMs and other meetings |
| ID | 7629C |
28 March 2025
LBG Media plc
("LBG Media", the "Company" or "Group")
Result of 2025 Annual General Meeting
LBG Media plc, the global digital entertainment business with a focus on young adults, announces that all of the resolutions set out in the Notice of AGM were passed by the requisite majority at the Company's AGM, held earlier today.
Details of the proxy votes received by the Company are as follows:
|
|
For |
Against |
Total Votes |
Withheld |
|||
|
|
No. of votes |
% |
No. of votes |
% |
No. of votes |
% |
No. of votes |
|
1. To receive the Annual Report and Accounts |
201,701,326 |
100.00% |
0 |
0.00% |
201,701,326 |
100 |
0 |
|
2. To elect Dave Dilson as a director |
200,842,623 |
99.57% |
858,703 |
0.43% |
201,701,326 |
100 |
0 |
|
3. To elect Alexander Solomou as a director |
201,701,326 |
100.00% |
0 |
0.00% |
201,701,326 |
100 |
0 |
|
4. To elect Carol Kane as a director |
193,041,490 |
95.71% |
8,659,836 |
4.29% |
201,701,326 |
100 |
0 |
|
5. To elect Alexandra Jarvis as a director |
201,701,326 |
100.00% |
0 |
0.00% |
201,701,326 |
100 |
0 |
|
6. To re-appoint BDO LLP as auditors |
201,701,326 |
100.00% |
0 |
0.00% |
201,701,326 |
100 |
0 |
|
7. To authorise the audit committee to determine auditor's remuneration |
201,701,326 |
100.00% |
0 |
0.00% |
201,701,326 |
100 |
0 |
|
8. To authorise the directors to allot relevant securities |
193,892,212 |
96.13% |
7,809,114 |
3.87% |
201,701,326 |
100 |
0 |
|
9. To authorise the directors to allot equity securities for cash without making a pre-emptive offer to shareholders* |
193,892,212 |
96.13% |
7,809,114 |
3.87% |
201,701,326 |
100 |
0 |
|
10. To authorise the directors to allot equity securities for cash in relation to an acquisition or other capital investment* |
193,892,212 |
96.13% |
7,809,114 |
3.87% |
201,701,326 |
100 |
0 |
|
11. To authorise the Company to make market purchases of its own ordinary shares* |
201,693,345 |
100.00% |
0 |
0.00% |
201,701,326 |
100 |
0 |
*Special resolution
Notes:
1. Proxy appointments which gave discretion to the Chairman of the AGM have been included in the "For" total for the appropriate resolution.
2. Votes "For" and "Against" any resolution are expressed as a percentage of votes validly cast for that resolution.
3. A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against".
4. The number of shares in issue on 28 March 2025 was 209,079,740 with no shares in treasury.
5. The full text of the resolutions passed at the AGM can be found in the Notice of Annual General Meeting which is available on the Company's website at www.lbgmedia.co.uk.
For further information please contact:
|
LBG Media plc Solly Solomou, Chief Executive Officer Dave Wilson, Executive Chair
|
|
|
Zeus (Nominated Adviser & Sole Broker) Dan Bate / Nick Cowles (Investment Banking) Benjamin Robertson (Equity Capital Markets) |
Tel: +44 (0) 161 831 1512 |
|
Peel Hunt LLP (Joint Broker) Neil Patel Benjamin Cryer Alice Lane Kate Bannatyne |
Tel: +44 (0) 207 418 8990 |
|
Media enquiries: FTI Consulting LLP Jamie Ricketts / Kwaku Aning / Jemima Gurney |
Tel: +44 (0) 20 3727 1000 |
Notes to editors
We help brands reach young adults on social media platforms, such as Facebook, Instagram, Snapchat, X, YouTube and TikTok and our owned and operated websites.
We produce and distribute digital content such as videos, editorial, images and audio.
We do this through our brands, such as LADbible and SPORTbible, which are dedicated to distinct popular interests (e.g. news, sport, gaming).
Engagement is at the heart of what we do - which comes through in our two main revenue streams:
a. We create bespoke content for blue-chip advertisers that gives them access to a young adult audience that is hard to reach for traditional media players. This is distributed across social media platforms and our owned and operated websites. We call this 'Direct' revenue.
b. Third parties - such as social media platforms - generate revenue by placing advertising next to our content. We call this 'Indirect' revenue, and the revenue is shared between the publisher, which is us, and the social media platform.
LBG Media is listed on the AIM market of the London Stock Exchange (AIM: LBG).