23
May 2024
LBG Media
plc
("LBG
Media", the "Company" or "Group")
Result of 2024 Annual General
Meeting
LBG Media plc, the UK-based
multi-brand, multi-channel digital youth publisher, is pleased to
announce 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
|
191,572,846
|
100.00%
|
0
|
0.00%
|
200,369,980
|
100
|
0
|
|
2. To elect Dave Wilson as a
director
|
191,572,846
|
100.00%
|
0
|
0.00%
|
200,369,980
|
100
|
0
|
|
3. To elect Alexander Solomou as a
director
|
191,572,846
|
100.00%
|
0
|
0.00%
|
200,369,980
|
100
|
0
|
|
4. To elect Richard Jarvis as a
director
|
191,572,846
|
100.00%
|
0
|
0.00%
|
200,369,980
|
100
|
0
|
|
5. To elect Richard Flint as a
director
|
183,771,713
|
95.93%
|
7,801,133
|
4.07%
|
200,369,980
|
100
|
0
|
|
6. To elect Carol Kane as a
director
|
190,028,986
|
99.19%
|
1,543,860
|
0.81%
|
200,369,980
|
100
|
0
|
|
7. To elect Alexandra Jarvis as a
director
|
191,572,846
|
100.00%
|
0
|
0.00%
|
200,369,980
|
100
|
0
|
|
8. To re-appoint BDO LLP as
auditors
|
191,572,846
|
100.00%
|
0
|
0.00%
|
200,369,980
|
100
|
0
|
|
9. To authorise the audit committee to
determine auditor's remuneration
|
191,572,846
|
100.00%
|
0
|
0.00%
|
200,369,980
|
100
|
0
|
|
10. To authorise the Directors to allot relevant
securities
|
183,769,695
|
95.93%
|
7,803,151
|
4.07%
|
200,369,980
|
100
|
0
|
|
11. To authorise the directors to allot equity
securities for cash without making a pre-emptive offer to
shareholders*
|
183,769,695
|
95.93%
|
7,803,151
|
4.07%
|
200,369,980
|
100
|
0
|
|
12. To authorise the directors to allot equity
securities for cash in relation to an acquisition or other capital
investment*
|
183,769,695
|
95.93%
|
7,803,151
|
4.07%
|
200,369,980
|
100
|
0
|
|
13. To authorise the Company to make market
purchases of its own ordinary shares*
|
191,572,846
|
100.00%
|
0
|
0.00%
|
200,369,980
|
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 23 May 2024 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
Richard Jarvis, Chief Financial
Officer
Mark Mochalski, Investor
Relations
Fiona O'Nolan, Investor
Relations
|
Via
Buchanan
|
|
Zeus (Nominated Adviser & Broker)
Dan Bate / Nick Cowles (Investment
Banking)
Benjamin Robertson (Equity Capital
Markets)
|
Tel: +44 (0) 161 831 1512
www.zeuscapital.co.uk
|
|
Peel Hunt LLP (Joint Broker)
Neil Patel
Paul Gilam
Richard Chambers
|
Tel: +44 (0) 207 418 8990
www.peelhunt.com
|
|
Media enquiries
Buchanan
Richard Oldworth / Chris Lane / Toto
Berger / Jack Devoy
|
Tel: +44 (0) 20 7466 5000
www.buchanan.uk.com
|
Notes to editors
LBG Media 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 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.
The Group operates two core routes
to market: Direct revenue, which is principally generated from the
provision of content marketing services to corporates, brand
owners, marketing agencies and other entities such as government
bodies and where the relationship with the client is held directly
by LBG Media; and Indirect revenue, which is generated via a
third-party, such as a social media platform or via a programmatic
advertising exchange / online marketplace, which holds the
relationship with the brand owner or agency.