Zinc Media Group plc (AIM:ZIN) has conditionally agreed to acquire The Edge Picture Co Limited for GBP 6.71 million on August 3, 2022. The consideration comprises initial consideration of GBP 1.56 million in cash, GBP 0.54 million to be satisfied by the issue of 540,000 new ordinary shares in the capital of Zinc Media Group and additional consideration of up to a further GBP 3.875 million will be paid in part by: a) cash and b) a combination of cash, the issue of new Ordinary Shares and/or the issue of loan notes in Zinc contingent on the trading performance of The Edge over each of the 12 month periods ending 30 June 2023, 30 June 2024 and 30 June 2025. Additionally amount of deferred consideration of GBP 0.73 million will be paid in cash. For the financial year to 31 December 2021, Edge generated revenue of GBP 8.2 million, Adjusted EBITDA profit of GBP 0.8 million, EBIT of GBP 0.6 million. In the same period, and total assets amounted to GBP 3.6 million. Mark Taylor and george tzimas of Singer Capital Markets Advisory LLP & Stephen Routledge of Trillium Partners Limited acted as financial advisor to Zinc Media Group plc. Iona Stevenson and Conor Lambert of Bbh Ag WirtschaftsprÜFungsgesellschaft provided financial Due Diligence services to Zinc Media Group plc.

Zinc Media Group plc (AIM:ZIN) completed the acquisition of The Edge Picture Co Limited on August 24, 2022.