Get Live Data

The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Latest Share Chat

  2. Share Prices
  3. UTV.L Share Price
  4. UTV.L Share News
  5. UTV Media Changes Name To WIRELESS GROUP After UTV Television Sale

Pin to quick picksUTV.L Share News (UTV)

UTV.L Information
  • There is currently no data for UTV

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UTV Media Changes Name To WIRELESS GROUP After UTV Television Sale

Mon, 29th Feb 2016 15:53

LONDON (Alliance News) - UTV Media PLC on Monday said it has changed its name to WIRELESS GROUP PLC following the sale of its television business UTV Television to ITV Broadcasting Ltd.

The company reiterated that it expects to receive net cash proceeds of around GBP98 million from the sale of UTV Television, which comprises UTV Ltd and its subsidiary UTV Ireland Ltd.

GBP55 million in cash will also be returned to shareholders in two stages. GBP50.8 million will be returned through the issue and redemption of a new class of redeemable B shares, while GBP4.2 million will be returned via a special dividend in July.

Shares in UTV were trading down 2.8% at 174.75 pence on Monday afternoon.

By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews

Copyright 2016 Alliance News Limited. All Rights Reserved.

More News
24 Mar 2016 16:10

Earnings, Trading Statements Calendar - Week Ahead

Read more
4 Mar 2016 10:10

Wireless Group CEO John McCann To Retire After UTV Television Sale

Read more
19 Feb 2016 10:28

WINNERS & LOSERS SUMMARY: Coca-Cola HBC Defies Foreign Exchange Hit

Read more
19 Feb 2016 09:45

ITV Secures Ministerial Approval For UTV Television Acquisition

Read more
14 Jan 2016 09:32

UTV Media Set To Complete TV Sale By March, Focused On Radio Unit

Read more
24 Nov 2015 17:03

AGM, EGM Calendar - Week Ahead

Read more
6 Nov 2015 08:16

UTV Media Warns Irish Television Losses Will Be Wider Than Expected

Read more
19 Oct 2015 15:58

LONDON MARKET CLOSE: FTSE 100 Hit By Resource Stocks After China Data

Read more
19 Oct 2015 11:10

LONDON MARKET MIDDAY: Mixed Chinese Economic Data Lead To Mixed Market

Read more
19 Oct 2015 09:24

WINNERS & LOSERS SUMMARY: Shire Shares Off After US Approval Setback

Read more
19 Oct 2015 08:33

UPDATE 1-Broadcaster ITV buys Northern Irish partner UTV's TV assets

(Adds shares, analyst reaction) LONDON, Oct 19 (Reuters) - ITV, Britain's biggest free-to-air commercial broadcaster, has agreed to buy the TV business of Northern Irish network partner UTV for 100 million pounds ($154 million) in cash, it said on Monday. The deal will put 13 of 15 so

Read more
19 Oct 2015 07:04

ITV to buy UTV's television business for GBP100m

(ShareCast News) - ITV has agreed to acquire Northern Irish broadcaster UTV Media's television assets for £100m. The FTSE 100 broadcaster announced the deal on Monday, which is subject to regulatory and shareholder approval. Once the deal is approved, ITV will hold 13 of the 15 regional licences fo

Read more
19 Oct 2015 06:13

Broadcaster ITV buys Northern Irish partner UTV's TV assets

LONDON, Oct 19 (Reuters) - ITV, Britain's biggest free-to-air commercial broadcaster, said it had agreed to buy the TV business of Northern Irish network partner UTV for 100 million pounds ($154 million) in cash. The deal will put 13 of 15 channel 3 licences in the hands of ITV, and the co

Read more
19 Oct 2015 06:08

ITV Snaps Up UTV Media Television Assets For GBP100 Million Cash

Read more
12345678910

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.