Everyman Media Group PLC Director/PDMR Shareholding (4713N)
January 23 2023 - 3:00AM
UK Regulatory
TIDMEMAN
RNS Number : 4713N
Everyman Media Group PLC
23 January 2023
23 January 2023
Everyman Media Group PLC
("Everyman" or the "Company")
Director/PDMR Shareholding
On 8(th) April 2021, the Company announced that Alex Scrimgeour,
Chief Executive Officer of Everyman, had been issued 2,000,000 A
ordinary shares ("Growth Shares") in a subsidiary company, Everyman
Media Holdings Ltd. The Growth Shares could be exchanged for new
ordinary shares in Everyman Media Group PLC in the future, subject
to meeting certain vesting conditions and share price performance
criteria.
The Remuneration Committee of the Company has concluded that the
share price performance condition attached to the Growth Shares was
no longer appropriate. On 23(rd) January 2023, the Remuneration
Committee amended the terms of the Growth Shares so that they can
only vest if certain financial performance targets are met over the
two years ending 2(nd) January 2025. To the extent that the vesting
conditions and financial performance targets are met, the Growth
Shares in Everyman Media Holdings Limited will entitle Mr
Scrimgeour to receive an amount equivalent to the market value of
an ordinary share in the Company less 86.0p, being the closing
share price of the Company on 20(th) January 2023.
All other terms and conditions relating to the Growth Shares
remain unchanged from those disclosed in the announcement released
by the Company on 8(th) April 2021.
For further information, please contact:
Everyman Media Group PLC Tel : +44 (0)20 3145
0500
Alex Scrimgeour, Chief Executive
Will Worsdell, Finance Director
Canaccord Genuity Limited - (Nominated Tel : +44 (0)20 7523
Adviser and Broker) 8000
Bobbie Hilliam
Harry Pardoe
Alma PR (Financial PR Advisor) Tel: +44 (0)20 3405
0205
David Ison
Joe Pederzolli
Notification of a Transaction pursuant to Article 19(1) of the
EU Market Abuse Regulation (EU) No. 596/2014 as it forms part
of domestic law by virtue of the European Union (Withdrawal) Act
2018.
1 Details of the person discharging managerial responsibilities/person
closely associated
------- -----------------------------------------------------------------------------------------------------------
a. Name Mr Alex Scrimgeour
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2 Reason for notification
a. Position/Status Chief Executive Officer
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b. Initial notification/ Amendment
Amendment
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3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------------------------------
a. Name Everyman Media Group plc
------------------------------------------------------
b. LEI 213800XIF4R73HAM8S36
------------------------------------------------------ ---------------------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
------- -----------------------------------------------------------------------------------------------------------
a. Description of the Growth shares which can be converted
financial instrument, into Ordinary Shares of 10 pence each
type of instrument GB00BFH55S51
Identification Code
------------------------------------------------------ ---------------------------------------------------
b. Nature of the transaction Amendment to terms of existing growth
shares
------------------------------------------------------ ---------------------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
86.0p 2,000,000
----------
------------------------------------------------------ ---------------------------------------------------
d. Aggregated information Not applicable - single transaction
- Aggregated Volume
- Price
------------------------------------------------------ ---------------------------------------------------
e. Date of the transaction 23 January 2023
------------------------------------------------------ ---------------------------------------------------
f. Place of the transaction Outside a trading venue
------------------------------------------------------ ---------------------------------------------------
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END
DSHFLFERLAIFFIV
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