LBG Media PLC on Wednesday said Chief Operating Officer Arian Kalantari has resigned with immediate effect.

The Manchester, England-based digital media and youth content publisher said Kalantari has been on a sabbatical since the start of the year to spend more time with his family.

He has now made the decision not to return, LBG Media said. His responsibilities had been distributed among staff and will ‘now be permanently retained by those members of the group’s established and strong leadership team’.

‘I would like to thank Arian for his support over the years, both in the terms of the vital contribution to the founding of the business and the years of success that have been achieved since,’ said Chief Executive Officer Solly Solomou.

‘It has been a great pleasure to work side by side with my good friend and I wish him all the best and look forward to his continued support as a shareholder.’

Kalantari said: ‘It has been an incredible journey to see this business grow and thrive over the last 11 years since Solly and I founded it. LBG Media is very well-positioned to continue to succeed in the years to come and I will remain a passionate supporter.’

Shares in LBG Media were down 2.9% to 80.00 pence each in London on Wednesday afternoon.

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