UTV Media PLC Ministerial Approval to the Sale of UTV Television

 
TIDMUTV 
 
UTV Media plc 
 
Ministerial Approval to the Sale of UTV Television 
 
UTV Media plc announces receipt of Ministerial Approval to the Sale of UTV 
Television. 
 
On 19 October 2015, UTV Media plc ("UTV" or the "Group") announced that it had 
agreed to sell the entire issued share capital of UTV Limited and its wholly 
owned subsidiary UTV Ireland Limited, which together comprise the whole of the 
television business of the Group ("UTV Television") to ITV Broadcasting Limited 
("ITV"), conditional upon, amongst other things, approval by the Irish Minister 
for Communications, Energy and Natural Resources ("Ministerial Approval"). 
 
UTV today announces that Ministerial Approval has been received and that all 
other conditions to completion have been satisfied. Pursuant to the terms of 
the sale and purchase agreement with ITV, it is expected that completion will 
take place on Monday 29 February 2016. 
 
A further announcement will follow to confirm that completion has taken place. 
 
For further information, please contact: 
 
Orla McKibbin, Director of Communications 
 
Tel: +44 (0) 2890 262188 or +44 (0) 7879 666427 
 
19 February 2016 
 
 
 
END

(END) Dow Jones Newswires

February 19, 2016 02:00 ET (07:00 GMT)

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