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ITV PLC (ITV)

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Wednesday 18 February, 2009

ITV PLC

Disposal of interest in JFMG

RNS Number : 5420N
ITV PLC
18 February 2009
 



18 February 2009


ITV plc

ITV Network Limited sells shareholding in JFMG Limited

ITV plc has today announced the saleby ITV Network Limited*, of its 70% shareholding in JFMG to Arqiva Limited as part of Arqiva's acquisition of JFMG's entire issued share capital.  ITV plc will receive £1m in cash as consideration on completion of the sale of JFMG

JFMG is a spectrum management company, providing access to radio spectrum that is used to provide essential mobility in broadcast production, entertainment and related activities. 

The sale represents a further example of ITV's programme of non core asset disposals.


* ITV plc owns 90.1 % of ITV Network Limited, a company limited by guarantee.

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For further enquiries please contact: 

 

ITV plc 

Tel: 020 7156 6000 


Investor Relations 


Christy Swords - Director of Investor Relations 

Pippa Strong - Head of Investor Relations 


Media Relations


Louise Evans - Head of Press, Financial and Commercial



Tulchan Communications (PR Advisers to ITV plc)

Tel: 0207 353 4200 

Susannah Voyle 

Lizzie Morgan 





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