WLG.L Regulatory News (WLG)

15 Jul 2008 15:56



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY IN OR INTO AUSTRALIA, CANADA, JAPAN, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA OR THE UNITED STATES OR INTO ANY JURISDICTION WHERE TO DO SO WOULD BREACH ANY APPLICABLE LAW.

15 July 2008

For Immediate Release

UTV Media plc

(''UTV" or the "Company")

Rights Issue Rump

Earlier today UTV announced that it had received valid acceptances in respect of 15,909,423 Rights Issue Shares, representing approximately 41.5 per cent. of the total of 38,361,011 new Ordinary Shares offered to Qualifying Shareholders (other than certain Overseas Shareholders) pursuant to the 2 for 3 Rights Issue at 130 pence per Rights Issue Share announced on 4 June 2008. UTV now announces that the remaining 22,451,588 Rights Issue Shares, none of which have been sold at, or at a premium to, the Rights Issue Price, will be taken up at the issue price of 130 pence per Rights Issue Share by the Joint Underwriters and the sub-underwriters procured by the Joint Underwriters, being financial institutions and existing shareholders.

Definitions used in the Prospectus apply to this announcement unless the context otherwise requires.

For further information contact:

UTV Media plc:

John McCann 

Group Chief Executive 

Telephone: +44 (0) 28 90 262202

Paul O'Brien

Group Finance Director

Telephone: + 44 (0) 28 90 262098

Maitland:

Anthony Silverman

Rowan Brown

Telephone: +44 (0) 20 7379 5151

Numis Securities Limited:

Jag Mundi

Christopher Wilkinson

Telephone: +44 (0) 20 7260 1000

Goodbody Corporate Finance:

Kevin Keating

Telephone: + 353 (0) 1 667 0420

Numis, which is regulated in the United Kingdom by the Financial Services Authority, is acting for the Company and for no one else in connection with the matters described in this announcement and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Numis or for providing advice in relation to the Rights Issue and/or the contents of this announcement.

Goodbody Corporate Finance, which is regulated in the Republic of Ireland by the Financial Regulator, is acting for the Company and no one else in connection with the matters described in this announcement and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Goodbody Corporate Finance or for providing advice in relation to the Rights Issue and/or the contents of this announcement.

Goodbody Stockbrokers, which is regulated in the Republic of Ireland by the Financial Regulator, is acting for the Company and no one else in connection with the matters described in this announcement and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Goodbody Stockbrokers or for providing advice in relation to the Rights Issue and/or the contents of this announcement.

This announcement does not constitute an offer to sell or the solicitation of an offer to acquire the Rights Issue Shares or to take up entitlements to Nil Paid Rights in any jurisdiction in which such an offer or solicitation is unlawful. None of the Existing Ordinary Shares, the Nil Paid Rights, the Fully Paid Rights, the Rights Issue Shares or the Provisional Allotment Letters have been or will be registered under the United States Securities Act of 1933 (as amended) or under the applicable securities laws of any state or other jurisdiction of the United States and will not qualify for distribution under any of the relevant securities laws of any of the Excluded Jurisdictions. Accordingly, unless a relevant exemption from such requirements is available, none of the Existing Ordinary Shares, the Nil Paid Rights, the Fully Paid Rights, the Rights Issue Shares or the Provisional Allotment Letters may, subject to certain exceptions, be offered, sold, resold, taken up, exercised, renounced, transferred or delivered, directly or indirectly, in or into the United States or any Excluded Jurisdiction or in any country, territory or possession where to do so may contravene local securities laws or regulations. Shareholders who believe that they, or persons on whose behalf they hold Existing Ordinary Shares, are eligible for an exemption from such requirements should refer to the Prospectus sent to Shareholders to determine whether and, if so, how they may participate in the Rights Issue. Overseas Shareholders and any person (including, without limitation, custodians, nominees and trustees) who has a contractual or other legal obligation to forward this announcement or the Provisional Allotment Letter in or into a jurisdiction outside the United Kingdom or the Republic of Ireland should read refer to the Prospectus sent to Shareholders.