Medi@Invest PLC - Acquisition of Interest
January 20 2000 - 10:39AM
UK Regulatory
RNS Number:1438E
Medi@Invest PLC
20 January 2000
Following the approval at the Company's Extraordinary General Meeting
yesterday of all of the resolutions proposed, the Company is delighted to
announce that it has exercised the option granted to it by the shareholders of
KZN Media Limited ("KZN") and has now acquired a 55 per cent. stake in KZN.
Due to the size of KZN, this acquisition was classified as a "reverse
takeover" under the AIM Rules.
Enquiries:
Edward Adams, Medi@Invest plc 0171 209 1324
Jonathan Hinton, Arthur Andersen Corporate Finance 0171 438 3000
Simon Fox, Insinger Townsley 0171 377 6161
Rupert Ashe, GCI Focus 0171 398 0800
END
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