23rd Feb 2012 12:36
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 of UTV.
A majority of the members of the Board consisting of Roy Bailie, HelenKirkpatrick, John McCann, Scott Taunton and Norman McKeown considered that MrMcGuckian's close association with TVC, a major shareholder of UTV, hadcompromised his independence to such an extent that they no longer consideredit 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 thecompany has agreed to become interim Chairman and will immediately start thesearch for a new independent non-executive Chairman as well as at least 2independent non-executive directors in order to ensure that in the future thecompany's affairs can be conducted in accordance with the UK CorporateGovernance Code and best practice for corporate governance.
For further information contact:
Tom Buchanan / Rowan Brown Maitland Tel: +44 207 379
5151
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