TVCH Tvc Hldgs

TIDMTVCH

RNS Number : 6560L

TVC Holdings PLC

07 July 2014

TVC Holdings plc

Bonus Issue and Redemption of Redeemable Shares

TVC Holdings plc ("TVC" or the "Company") announces today (Monday, 7 July 2014) that, following the approval of the resolutions at the Company's Extraordinary General Meeting held on 27 June 2014, the Board has resolved to make a bonus issue of 95,501,846 Redeemable Shares on 14 July 2014 and to redeem the Redeemable Shares on the same date. The redemption payment will comprise of 66.2 cent in cash and 0.100943201 UTV Shares per Redeemable Share (total allocation rounded down to the nearest whole number). The bonus issue of Redeemable Shares will be issued to shareholders on the share register of the Company at the close of business on 4 July 2014.

It is anticipated that trading in the Company's Ordinary Shares on AIM and ESM will cease at the close of business on 25 July 2014 with cancellation from AIM and ESM taking effect from 7.00 a.m. on 28 July 2014.

Contact information:

TVC Holdings plc

Shane Reihill, Executive Chairman

John Tracey, Chief Executive Officer

Tel: +353-1-205 7700

Davy

John Frain

Tel: + 353-1-679 6363

Murray Consultants

Pauline McAlester

Tel: +353-1-498 0300

This information is provided by RNS

The company news service from the London Stock Exchange

END

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