TIDMEMAN
RNS Number : 7526U
Everyman Media Group PLC
08 April 2021
8 April 2021
Everyman Media Group PLC
("Everyman" or the "Company")
Director/PDMR Shareholding
The Company notifies that on the 8 April 2021 it agreed to grant
1,000,000 options over ordinary shares of 10 pence each in the
capital of the Company ("New Options") to Mr Alex Scrimgeour, Chief
Executive Officer of the Company. Mr Scrimgeour was appointed as
Chief Executive Officer of the Company on 14 December 2020.
The New Options will be exercisable from 31 December 2021,
subject to continued employment and certain performance conditions.
Each option has an exercise price of GBP1.00 per share.
In addition, Mr Scrimgeour will be issued 2,000,000 A ordinary
shares ("Growth Shares") in a subsidiary company, Everyman Media
Holdings Ltd after the date of this announcement. The Growth Shares
may be exchanged for new ordinary shares in Everyman Media Group
PLC in the future, subject to meeting certain vesting conditions
and performance criteria as set out below. The Growth Shares do not
carry any voting rights nor entitlement to any dividend.
Mr Scrimgeour will acquire the Growth Shares for no less than
the market value of the Growth Shares as at the date of issue. He
will acquire the Growth Shares on deferred payment basis.
The Growth Shares in Everyman Media Holdings Ltd will vest
subject to the achievement of share price targets. 1,000,000 Growth
Shares in Everyman Media Holdings Ltd to be acquired by Mr
Scrimgeour will vest if the Company has an average closing
mid-market price of GBP2.25 or more over any 15 consecutive trading
days ("Target 1"). The remaining 1,000,000 Growth Shares in
Everyman Media Holdings Ltd to be acquired by Mr Scrimgeour will
vest if the Company has an average closing mid-market price of
GBP3.00 or more over any 15 consecutive trading days ("Target
2").
To the extent that the performance targets have been 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 GBP1. The vested Growth
Shares shall be exchanged for ordinary shares in the Company on or
after 31 December 2022 if Target 1 has been achieved and on or
after 31 December 2023 if Target 2 has been achieved, provided that
if a change of control of the Company occurs at any time, any
vested Growth Shares which have not been exchanged by then, shall
be exchanged on the change of control of the Company.
If Mr Scrimgeour's employment is terminated before the Growth
Shares have vested, his Growth Shares will be forfeited by him for
no value. In addition, if there is a change of control of the
Company Growth Shares which are not vested will be forfeited by him
for no value.
If Target 1 or Target 2 have not been met by the tenth
anniversary of the Admission date, the Growth Shares shall
automatically convert into worthless deferred shares with no
dividend or voting rights and minimal rights to capital.
For further information, please contact: Everyman Media Group PLC
Alex Scrimgeour Tel: +44 (0)20 3145
0500
Elizabeth Lake
Canaccord Genuity Limited (Nominated Adviser Tel: +44 (0)20 7523
and Broker) 8000
Bobbie Hilliam
Georgina McCooke
Alma PR (Financial PR Advisor) Tel: +44(0)20 3405
0205
Susie Hudson
Harriet Jackson
The information communicated in this announcement contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014.
About Everyman Media Group PLC:
Everyman is the fourth largest cinema business in the UK by
number of venues, and is a premium, high growth leisure brand.
Everyman operates a growing estate of venues across the UK, with an
emphasis on providing first class cinema and hospitality.
Everyman is redefining cinema. It focuses on venue and
experience as key competitive strengths, with a unique
proposition:
-- Intimate and atmospheric venues, which become a destination in their own right
-- An emphasis on a strong quality food and drink menu prepared in-house
-- A broad range of well-curated programming content, from
mainstream and independent films to theatre and live concert
streams, appealing to a diverse range of audiences
-- Motivated and welcoming teams
For more information visit
http://investors.everymancinema.com/
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
Notification of a Transaction pursuant to Article 19(1) of Regulation
(EU) No. 596/2014
1 Details of the person discharging managerial responsibilities/person
closely associated
------- -----------------------------------------------------------------------------------------------------------
a. Name Alex Scrimgeour
------------------------------------------------
2 Reason for notification
a. Position/Status Chief Executive Officer
--------------------------------------------------------- ------------------------------------------------
b. Initial notification/ Initial Notification
Amendment
--------------------------------------------------------- ------------------------------------------------
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 financial Options over Ordinary Shares of 10
instrument, type of pence each
instrument GB00BFH55S51
Identification Code
--------------------------------------------------------- ------------------------------------------------
b. Nature of the transaction Grant of options
--------------------------------------------------------- ------------------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
100 pence 1,000,000
----------
--------------------------------------------------------- ------------------------------------------------
d. Aggregated information Not applicable - single transaction
- Aggregated Volume
- Price
--------------------------------------------------------- ------------------------------------------------
e. Date of the transaction 8 April 2021
--------------------------------------------------------- ------------------------------------------------
f. Place of the transaction Outside a trading venue
--------------------------------------------------------- ------------------------------------------------
Notification of a Transaction pursuant to Article 19(1) of Regulation
(EU) No. 596/2014
1 Details of the person discharging managerial responsibilities/person
closely associated
------- -----------------------------------------------------------------------------------------------------------
a. Name Alex Scrimgeour
------------------------------------------------
2 Reason for notification
a. Position/Status Chief Executive Officer
--------------------------------------------------------- ------------------------------------------------
b. Initial notification/ Initial Notification
Amendment
--------------------------------------------------------- ------------------------------------------------
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 financial Options over Ordinary Shares of 10
instrument, type of pence each
instrument GB00BFH55S51
Identification Code
--------------------------------------------------------- ------------------------------------------------
b. Nature of the transaction Grant of Growth Shares
--------------------------------------------------------- ------------------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
100 pence 2,000,000
----------
--------------------------------------------------------- ------------------------------------------------
d. Aggregated information Not applicable - single transaction
- Aggregated Volume
- Price
--------------------------------------------------------- ------------------------------------------------
e. Date of the transaction 8 April 2021
--------------------------------------------------------- ------------------------------------------------
f. Place of the transaction Outside a trading venue
--------------------------------------------------------- ------------------------------------------------
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END
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