Amendment to Treasury Stock
Media Corporation PLC
Media Corporation Plc
("Media Corp" or the "Company")
Amendment to Treasury Stock
On 28 January 2010, the Company announced the sale of 29,102,728
treasury shares of which 15,102,728 were placed with an existing major
shareholder in the Company. Despite having signed a subscription letter
for settlement on 11 February 2010, the purchaser has requested an
extension on settlement and has confirmed to the Company that the funds
will be received between now and not later than 18 June 2010. It remains
the Company’s intention to sell the remaining treasury shares to this
shareholder on the terms as originally agreed but, until such time as
payment is received in full, the Company remains the beneficial holder
of 15,102,728 treasury shares.
As a result, the share capital of the Company is 281,083,661 ordinary
shares of 1 penny each and not 296,186,389 ordinary shares as reported
on 28 January 2010. There are 15,102,728 shares in treasury. The figure
of 281,083,661 may be used by shareholders as the denominator for the
calculation by which they will determine if they are required to notify
their interest in, or a change to their interest in, the Company under
the FSA's Disclosure and Transparency Rules.
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Media Corporation Plc
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Tel: +44 20 7618 9000
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Justin Drummond, CEO
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Nilesh Jagatia, Finance Director
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Astaire Securities Plc
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Tel: + 44 20 7448 4400
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Luke Cairns / Shane Gallwey (Nominated Adviser)
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Katie Shelton (Broking)
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Bishopsgate Communications
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Tel: + 44 20 7562 3350
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Robyn Samuelson / Gemma O'Hara
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mediacorp@bishopsgatecommunications.com
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Threadneedle Communications
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Tel: +44 20 7653 9850
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Graham Herring / Josh Royston
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