23 February 2012
UTV Media plc - Changes to the Board
At a board meeting of the board of directors (the "Board) of UTV Media plc
("UTV") earlier today, the Board voted to remove John B McGuckian as Chairman
A majority of the members of the Board consisting of Roy Bailie, Helen
Kirkpatrick, John McCann, Scott Taunton and Norman McKeown considered that Mr
McGuckian's close association with TVC, a major shareholder of UTV, had
compromised his independence to such an extent that they no longer considered
it appropriate for him to continue as Chairman.
Shane Reihill, Kevin Lagan and John B McGuckian then resigned as directors of
UTV with immediate effect.
Helen Kirkpatrick, an existing independent non-executive director of the
company has agreed to become interim Chairman and will immediately start the
search for a new independent non-executive Chairman as well as at least 2
independent non-executive directors in order to ensure that in the future the
company's affairs can be conducted in accordance with the UK Corporate
Governance Code and best practice for corporate governance.
For further information contact:
Tom Buchanan / Rowan Brown Maitland Tel: +44 207 379 5151