Less Ads, More Data, More Tools Register for FREE

Matchlight Limited

2 Sep 2014 07:00

RNS Number : 5679Q
DCD Media PLC
02 September 2014
 

 

DCD Media Plc

("DCD Media" or the "Group")

Matchlight Limited

 

DCD Media is aware of recent press suggesting that a sale of its subsidiary Matchlight Limited may be imminent. Matchlight is a Glasgow-based production business, which the board does not consider to be material to the Group on an ongoing basis. 

The board confirms that it has agreed terms to sell Matchlight to the existing management team, however completion of the sale remains subject to a number of conditions. In the event that the sale concludes, the board expects to maintain a continued strong relationship with Matchlight given DCD Rights will retain a long-term option over Matchlight's distribution rights. 

Further details will be provided in due course.

 

 

For further information please contact:

DCD Media plc

Tel: +44 (0)20 8563 9393

ir@dcdmedia.co.uk

 

Stuart Andrews or Charlotte Stranner

finnCap

Tel: +44 (0)20 7220 0500

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DISUAURRSWAKRUR

Related Shares

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Back to RNS