Grant of Options
Zinc Media Group plc announced the grant of options over ordinary shares to executive directors Mark Browning and Laura McGaughey on 24 February 2026. Mark Browning received options for 310,822 ordinary shares, while Laura McGaughey was granted options for 755,568 ordinary shares. These options have an exercise price of 0.125 pence and a vesting period between 24 February 2029 and 24 February 2036. Half of the options vest automatically after three years, with the remaining half vesting if the ordinary share price reaches at least £0.69 for 30 consecutive dealing days after 24 February 2029, representing a 50% increase from the current share price.
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Zinc Media Group plc (AIM: ZIN), the award-winning television, brand and audio production group, announces that the Group has granted options over ordinary shares of 0.125 pence each ("Ordinary Shares") in the Company (the "Options") on 24 February 2026 to executive directors as set out below.
| Director/Senior Personnel | Total number of Ordinary Shares subject to option grant | Options exercise price | Vesting period |
|---|---|---|---|
| Mark Browning | 310,822 | 0.125p | 24 February 2029 - 24 February 2036 |
| Laura McGaughey | 755,568 | 0.125p | 24 February 2029 - 24 February 2036 |
The awards have been made under two schemes, the Company's EMI Share Option Scheme (543,478 Ordinary Shares for Laura McGaughey) and an Unapproved Share Option Scheme (310,822 Ordinary Shares for Mark Browning and 212,090 Ordinary Shares for Laura McGaughey).
The Options were granted under the condition that half of the Options granted to each director will vest automatically 3 years from date of grant and the other half will vest if the Ordinary Share price is at least £0.69 for a period of 30 consecutive Dealing Days ending on or after 24 February 2029 which represents a 50% increase in the current share price. These conditions follow the same principles used for the grant of options to directors in previous years.
In this document, references to "£", "pence" and "p" are to the lawful currency of the United Kingdom. All times referred to in this document are, unless otherwise stated, references to London time.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Mark Browning | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Executive Officer | |
| b) | Initial notification/Amendment | Initial Notification | |
| a) | Name | Zinc Media Group plc | |
| b) | LEI | 213800WAVVOPS85N2205 | |
| a) | Description of the financial instrument, type of instrument Identification code | Options over Ordinary shares of 0.125p each GB00BJVLR251 | |
| b) | Nature of transaction | Grant of Options | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| Nil | 310,822 | ||
| Aggregated information - Aggregated volume - Price | N/A | ||
| e) | Date of the transaction | 24 February 2026 | |
| f) | Place of the transaction | Outside of a trading venue | |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Laura McGaughey | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Financial Officer | |
| b) | Initial notification/Amendment | Initial Notification | |
| a) | Name | Zinc Media Group plc | |
| b) | LEI | 213800WAVVOPS85N2205 | |
| a) | Description of the financial instrument, type of instrument Identification code | Options over Ordinary Shares of 0.125p each GB00BJVLR251 | |
| b) | Nature of transaction | Grant of Options | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| Nil | 755,568 | ||
| Aggregated information - Aggregated volume - Price | N/A | ||
| e) | Date of the transaction | 24 February 2026 | |
| f) | Place of the transaction | Outside of a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.