6th Mar 2008 13:17
ITV PLC06 March 2008 6 March 2008 Carlton Screen Advertising Ltd ("CSA") ITV plc announces that its wholly-owned subsidiary, CSA, has entered intobinding heads of terms to sell certain business and assets to a new jointventure vehicle formed between Cineworld Group plc ("Cineworld") and OdeonCinemas Ltd ("Odeon"). The heads of terms provide for consideration payable to CSA of £0.5m payable oncompletion and are subject to conditions, including regulatory approvals and aformal agreement being executed before 30 September 2008. The terms of the existing sales contracts between CSA and Cineworld and Odeonrespectively are amended to provide for revenue sharing arrangements for aperiod at least until 30 June 2008. CSA is reviewing options for the remaining business and assets of the company. For further enquiries please contact: ITV plcTel: 0844 8818000 Press queriesJim Godfrey - Director of Corporate AffairsTel: 084488 18434 Investor queriesPippa Strong - Head of Investor RelationsTel: 084488 14767 Tulchan Communications GroupTel: 020 7353 4200 Andrew GrantSusanna VoyleDavid Allchurch This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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