Purchase of own shares
22 January 2009 - 6:00PM
UK Regulatory
TIDMBRST
RNS Number : 0575M
Burst Media Corporation
22 January 2009
22 January 2009
Burst Media Corporation ("Burst" or the "Company")
Purchase of own shares
On 21 January 2009, the Company announced its intention to repurchase for
cancellation Burst common shares of US$0.01 each ("Burst Shares") with an
aggregate market value of up to US$500,000.
The Company announces that on 21 January 2009 it purchased a total of 9,800,000
Burst Shares at a price of 3.6 pence per share. This fully utilises the
authority granted by the Board for the Company to repurchase Burst Shares and
the Company does not intend to make further repurchases at this time.
It is intended that the 9,800,000 Burst Shares repurchased by the Company will
be cancelled. Following cancellation of these shares, Burst will have 73,228,562
common shares of US$0.01 each in issue.
Enquiries:
+------------------------------------+------------------------------------+
| Burst Media Corporation | |
+------------------------------------+------------------------------------+
| Jarvis Coffin, Chief Executive | Tel: +1 781 852 5271 |
| Steve Hill, Chief Financial | |
| Officer | |
+------------------------------------+------------------------------------+
| | |
+------------------------------------+------------------------------------+
| Altium | |
+------------------------------------+------------------------------------+
| Tim Richardson / Paul Chamberlain | +44 (0) 20 7484 4040 |
+------------------------------------+------------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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