Thursday August 11 2005
The Company has today been informed that trade investor DC Thomson purchased 11 million UBC ordinary shares of 1p each ( "Ordinary Shares") on 10 August 2005. DC Thomson now has a total interest in 11 million Ordinary Shares, representing approximately 6.4 per cent. of the issued share capital of the Company.
DC Thomson prints and publishes more than 200 million magazines, newspapers and comics each year, including the Dundee Courier, The Sunday Post, the People’s Friend, My Weekly, Shout magazine and The Beano and The Dandy. DC Thomson has been an active investor in the radio and television sector over many years.
To satisfy this purchase and other institutional demand in the marketplace, the Directors of UBC have, on 10 August 2005, in aggregate, sold 11,787,494 Ordinary Shares at 25p per share.
The Directors share sales are shown below.
Director / No. of shares Sold / Remaining Ordinary Shares / Percentage of Issued share capital remaining
Simon Cole 6,000,000 20,667,884 12.1%
John Quinn 387,494 2,462,506 1.4%
In addition, Unique Communications Limited have disposed of 5,400,000 Ordinary Shares at a price of 25p each, as a result of which its shareholding in the Company is reduced to 8,448,714 Ordinary Shares representing approximately 4.9 per cent. of the issued share capital of the Company. The beneficial owner of the shares registered in the name of Unique Communications Limited is N. E. Edmonds, a director of the Company.
For further information, please contact:
|
Simon Cole, CEO, UBC Media Group plc |
Tel: 020 7453 1600 |
|
Andrew Sholl, Portland |
Tel: 020 7404 5344 |
Notes to Editors
About UBC Media Group
UBC Media Group plc is a UK public company quoted on the London Stock Exchange's AIM market. The Group is a market leader in the supply of content to the radio, Internet and digital television industries in the UK. In addition to the entertainment and traffic and travel news services provided to commercial radio, the Group is the largest independent producer of radio programming for the BBC. UBC owns the Classic Gold Digital network of radio stations and, in partnership with Channel 4 Television, the national digital radio station Oneword Radio. |
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