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Result of Retail Offer & Update to Timetable

In brief · summary, not quotable

Zinc Media closed its Retail Offer at 12:00 on 4 November 2026 with 625,459 Retail Offer Shares subscribed at 30p each, raising approximately £0.19m, and will issue a total of 7,625,459 New Ordinary Shares (7,000,000 Placing Shares plus 625,459 Retail Offer Shares) to raise aggregate gross proceeds of approximately £2.29m; the Circular is expected on or around 10 November 2026, Admission is expected on or around 27 November 2026, and the Fundraise remains conditional on Financing Approval, shareholder resolutions, a Rule 9 Waiver and the Placing Agreement becoming unconditional, exposing proceeds and dilution to those conditions.

Full announcement

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Zinc Media (AIM: ZIN), an award-winning television, brand and audio production group, is pleased to announce that, further to the announcement made at 7.00 a.m. on 30 October 2026 (the “Retail Announcement”), the Retail Offer closed at 12.00 p.m. on 4 November 2026.

Following the closing of the Retail Offer, 625,459 Retail Offer Shares have been conditionally subscribed for by existing retail Shareholders of the Company who are resident in the United Kingdom at a price of 30 pence per Retail Offer Share, raising gross proceeds of approximately £0.19 million

Accordingly, a total of 7,625,459 New Ordinary Shares will be issued pursuant to the Fundraise, comprising the 7,000,000 Placing Shares and the 625,459 Retail Offer Shares, resulting in aggregate gross proceeds of approximately £2.29 million for the Company.

Fundraise Timetable Update

The Company and its advisers continue to progress the documentation and materials relating to the Circular and the Rule 9 Waiver, and the Circular is now expected to be published on or around 10 November 2026.

The terms of the Fundraise remain as previously announced. The Company and its advisers continue to work diligently to finalise the necessary documentation. An updated timetable of the expected timings for the principal events for Fundraise is set out below.

Following its publication, the Circular will be available on the Company’s website at www.zincmedia.com/fundraise. A further announcement will be made following the publication of the Circular.

Expected timetable of principal events

EventTime and/or date
Publication of the CircularOn or around 10 November 2026
General MeetingOn or around 26 November 2026
Announcement of the results of the General MeetingOn or around 26 November 2026
Admission and commencement of dealings in the Placing Shares and the Retail Offer Shares on AIM8.00 a.m. on or around 27 November 2026
Crediting of Placing Shares and Retail Offer Shares to CREST stock accounts (as applicable)8.00 a.m. on or around 27 November 2026
Despatch of definitive share certificates (where applicable)within 10 business days of Admission
Long Stop Date8.00 a.m. on 11 December 2026

Notes:

Each of the times and dates above are indicative only and subject to change. If any of the above times and/or dates change, the revised times and/or dates will be notified by the Company to Shareholders by announcement through a Regulatory Information Service

All of the above times refer to London time.

All events listed in the above timetable following the General Meeting are conditional on, amongst other matters, the passing of the Resolutions at the General Meeting without amendment, the Financing Approval being granted, the Rule 9 Waiver being obtained and the Placing Agreement becoming unconditional in all respects with respect to Admission and not being terminated in accordance with its terms by SCM Securities.

Admission and dealings

Application will be made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM (“Admission”). Settlement and Admission for the New Ordinary Shares are expected to take place on or before 8.00 a.m. on 27 November 2026 (or such later time and/or date as SCM Securities may agree with the Company, being not later than 8.00 a.m. on 11 December 2026).

The Fundraise remains conditional upon, among other things, the Financing Approval being granted, the passing of the Resolutions at the General Meeting, the Rule 9 Waiver being obtained, Admission becoming effective and the Placing Agreement becoming unconditional in respect of the Placing and not having been terminated in accordance with its terms.

Capitalised terms used in this announcement shall, unless defined in this announcement or unless the context provides otherwise, bear the same meaning ascribed to such terms in the announcement made by the Company on 28 October 2026 regarding the launch of the Placing.

Information to Distributors

UK product governance

Solely for the purposes of the product governance requirements contained within Chapter 3 of the FCA Handbook Production Intervention and Product Governance Sourcebook (the "UK Product Governance Requirements"), and disclaiming all and any liability, whether arising in tort, contract or otherwise, which any "manufacturer" (for the purposes of the UK Product Governance Requirements) may otherwise have with respect thereto, the Placing Shares have been subject to a product approval process, which has determined that such securities are: (i) compatible with an end target market of investors who meet the criteria of retail investors and investors who meet the criteria of professional clients and eligible counterparties, each as defined in paragraph 3 of the FCA Handbook Conduct of Business Sourcebook; and (ii) eligible for distribution through all distribution channels (the "Target Market Assessment"). Notwithstanding the Target Market Assessment, distributors (for the purposes of UK Product Governance Requirements) should note that: (a) the price of the Placing Shares may decline and investors could lose all or part of their investment; (b) the Placing Shares offer no guaranteed income and no capital protection; and (c) an investment in the Placing Shares is compatible only with investors who do not need a guaranteed income or capital protection, who (either alone or in conjunction with an appropriate financial or other adviser) are capable of evaluating the merits and risks of such an investment and who have sufficient resources to be able to bear any losses that may result therefrom. The Target Market Assessment is without prejudice to the requirements of any contractual, legal or regulatory selling restrictions in relation to the Placing.

EEA product governance

Solely for the purposes of the product governance requirements contained within: (a) EU Directive 2014/65/EU on markets in financial instruments, as amended ("MiFID II"); (b) Articles 9 and 10 of Commission Delegated Directive (EU) 2017/593 supplementing MiFID II; and (c) local implementing measures in the European Economic Area (together, the "MiFID II Product Governance Requirements"), and disclaiming all and any liability, whether arising in tort, contract or otherwise, which any "manufacturer" (for the purposes of the MiFID II Product Governance Requirements) may otherwise have with respect thereto, the Placing Shares have been subject to a product approval process, which has determined that the Placing Shares are: (i) compatible with an end target market of (a) retail investors, (b) investors who meet the criteria of professional clients and (c) eligible counterparties, each as defined in MiFID II; and (ii) eligible for distribution through all distribution channels as are permitted by MiFID II (the "Target Market Assessment"). Notwithstanding the Target Market Assessment, distributors should note that: the price of the Placing Shares may decline and investors could lose all or part of their investment; the Placing Shares offer no guaranteed income and no capital protection; and an investment in the Placing Shares is compatible only with investors who do not need a guaranteed income or capital protection, who (either alone or in conjunction with an appropriate financial or other adviser) are capable of evaluating the merits and risks of such an investment and who have sufficient resources to be able to bear any losses that may result therefrom. The Target Market Assessment is without prejudice to the requirements of any contractual, legal or regulatory selling restrictions in relation to the Placing.

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.

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