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