ITV PLC Smaller Related Party Transaction (0131V)
09 April 2021 - 9:31PM
UK Regulatory
TIDMITV
RNS Number : 0131V
ITV PLC
09 April 2021
ITV plc
SMALLER RELATED PARTY TRANSACTION
This disclosure is being made in accordance with Listing Rule
11.1.10 R due to the fact that ITV plc ("ITV") is entering into a
transaction with the BBC, which is deemed to be a related party of
ITV under the Listing Rules.
ITV, BBC and Channel 4 have agreed new funding arrangements for
the following existing ventures (the "Ventures") for the three year
period ending 31 December 2023 (the "Term"): Digital UK Limited (a
joint venture between ITV, BBC and Channel 4 that runs the DTT
operations of Freeview); and DTV Services Limited (a joint venture
between ITV, BBC, Channel 4 and Sky that markets Freeview). ITV
(through certain of its subsidiary undertakings) has been a member
of the Ventures since 2005.
Pursuant to these new funding arrangements, ITV, BBC and Channel
4 have each committed to contribute GBP19,089,000 to the Ventures
during the Term. These arrangements do not represent a material
increase to the existing funding obligations of ITV to the
Ventures.
For further enquiries please contact:
Investor Relations
Pippa Foulds +44 7778 031097
Faye Dipnarine +44 20 7157 6581
Media Relations
Paul Moore +44 7860 794444
Jenny Cummins +44 7595 106670
LEI for ITV plc - ZLECI7ED2QMWFGYCXZ59
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END
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