TVC Holdings plc
Bonus Issue and Redemption of Redeemable Shares
TVC Holdings plc ("TVC" or the "Company") announces today (Monday, 7 July 2014) that, f ollowing the approval of the resolutions at the Company's Extraordinary General Meeting held on 27 June 2014, the Board has resolved to make a bonus issue of 95,501,846 Redeemable Shares on 14 July 2014 and to redeem the Redeemable Shares on the same date. The redemption payment will comprise of 66.2 cent in cash and 0.100943201 UTV Shares per Redeemable Share (total allocation rounded down to the nearest whole number). The bonus issue of Redeemable Shares will be issued to shareholders on the share register of the Company at the close of business on 4 July 2014.
It is anticipated that trading in the Company's Ordinary Shares on AIM and ESM will cease at the close of business on 25 July 2014 with cancellation from AIM and ESM taking effect from 7.00 a.m. on 28 July 2014.
Contact information:
TVC Holdings plc
Shane Reihill, Executive Chairman
John Tracey, Chief Executive Officer
Tel: +353-1-205 7700
Davy
John Frain
Tel: + 353-1-679 6363
Murray Consultants
Pauline McAlester
Tel: +353-1-498 0300
This information is provided by RNS
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