Schedule One - LBG Media plc | RNS | Ticker

Schedule One - LBG Media plc

RNS Announcement

RNS Number : 0926U

AIM

01 December 2021

ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")

COMPANY NAME:

LBG Media plc

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :

20 Dale Street

Manchester

M1 1EZ

COUNTRY OF INCORPORATION:

England and Wales

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

www.ladbiblegroup.com (from admission)

COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:

LBG Media (the "Company") is a digital media and youth content publishers, utilising both in-house content and content from third parties to generate interactions with its global audience of over one billion per annum.

The Company was co-founded in 2012 by Alexander ("Solly") Solomou, the Chief Executive Officer, and Arian Kalantari, the Chief Operating Officer, whilst studying at university.

The Company is a multi-brand, multi-channel digital youth publisher and is a leading disrupter in the digital media and social publishing sectors. The Group produces and distributes digital content across a range of mediums including video, editorial, image, audio, and experience (virtual and augmented reality).

Since its inception in 2012, the Group has curated a diverse collection of ten core specialist brands using social media platforms (primarily Facebook, Instagram, Snapchat, Twitter, Youtube and TikTok) and has built multiple websites to reach new audiences and drive engagement. Each brand is dedicated to a distinct popular interest point (e.g. sport, gaming etc.), which is designed to achieve broader engagement, increase relevance and ultimately build a loyal community of followers.

As a youth publisher with significant reach and engagement, LBG Media is committed to its social responsibility. The Group is focussed on providing a voice and platform to promote equality and social awareness. Through its innovative in-house production capabilities and the ability to leverage the influence of its celebrity partners, the Group won a Cannes Lions award for its campaign to promote awareness of ocean plastic waste. Additionally, in October, the Group won 'Media Brand of the Year' at the Media Week Awards 2021.

The Company generates revenue across the world, with current operations in the United Kingdom, Australia, Ireland and New Zealand. The main country of operation is the United Kingdom and the Company is incorporated in England and Wales.

DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):

TBC Ordinary Shares of £TBC each at an issue price of TBC pence

No restrictions on the transfer of shares

CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

£TBC million via a placing of new ordinary shares

£TBC million via a sale of existing ordinary shares

Market capitalisation on admission based on an issue price of TBC pence of approximately £TBC million

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

TBC per cent.

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM COMPANY HAS APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES (INCLUDING ITS AIM SECURITIES) ADMITTED OR TRADED:

N/A

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known):

David "Dave" John Wilson - Non-Executive Chairman

Alexander "Solly" William Solomou - Chief Executive Officer

Arian Mahmoud Kalantari - Chief Operating Officer

Timothy "Tim" John Croston - Chief Financial Officer

Richard Charles Flint - Non-Executive Director

Carol Mary Kane - Non-Executive Director

Alexandra "Alex" Clare Jarvis - Non-Executive Director

FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):

	Before Admission		After Admission
	Ordinary Shares	%	Ordinary Shares	%
Alexander "Solly" William Solomou	TBC	TBC	TBC	TBC
LAD Investment Limited	TBC	TBC	TBC	TBC
Makkma Investments	TBC	TBC	TBC	TBC
Arian Mahmoud Kalantari	TBC	TBC	TBC	TBC

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

Swan Partners Limited

PwC LLP

Refinitiv Financial Solutions

Maddocks

Wilson's Consulting Limited

(i) ANTICIPATED ACCOUNTING REFERENCE DATE

(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information)

(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:

(i) 31 December

(ii) 30 June 2021 (unaudited interim financial information)

(iii) 30 June 2022 (audited accounts for the full year to 31 December 2021)

30 September 2022 (unaudited interims for the six-month period ended 30 June 2022)

30 June 2023 (audited accounts for the full year to 31 December 2022)

EXPECTED ADMISSION DATE:

Mid December 2021

NAME AND ADDRESS OF NOMINATED ADVISER:

Zeus Capital Limited

82 King Street

Manchester

M2 4WQ

10 Old Burlington Street

London

W1S 3AG

NAME AND ADDRESS OF BROKER:

Zeus Capital Limited

10 Old Burlington Street

London

W1S 3AG

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:

The admission document, which will contain full details of the applicant and its securities, will be available from www.ladbiblegroup.com

THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY

QCA Corporate Governance Code

DATE OF NOTIFICATION:

01 December 2021

NEW/ UPDATE:

NEW

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END

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RNS metadata

Title: Schedule One - LBG Media plc
Time: 08:00:06
Date: 1 Dec 2021
Category: Capital structure
ID: 0926U