21st Jun 2010 16:30
21 June 2010
Media Corporation Plc
("Media Corp" or the "Company")
Directors dealings
Media Corporation, a leading AIM quoted media and online gaming group, announces that it has been notified that, in anticipation of potential changes to the capital gains tax regime to be announced in the budget on 22 June 2010, Jason Drummond, Justin Drummond and Nilesh Jagatia, all directors of the Company, have today sold 5,250,000, 13,000,000 and 2,250,000 ordinary shares at 3.3p, respectively. These shares being those acquired following the recent exercise of warrants as announced on 17 June 2010.
Following the directors' sale of shares their shareholdings now are as follows:
| Director | Number of shares sold | Total number of shares now held | Percentage of issued share capital | ||||
| Jason Drummond | 5,250,000 | 22,486,666 | 6.7% | ||||
| Justin Drummond | 13,000,000 | 22,907,000 | 6.7% | ||||
| Nilesh Jagatia | 2,250,000 | 100,000 | 0.03% |
| Media Corporation Plc | Tel: +44 20 7618 9000 | |
| Justin Drummond, CEO | ||
| Nilesh Jagatia, Finance Director | ||
| Astaire Securities Plc | Tel: + 44 20 7448 4400 | |
| Luke Cairns (Nominated Adviser) | ||
| Katie Shelton / Charles Vaughan (Broking) | ||
| Bishopsgate Communications | Tel: + 44 20 7562 3350 | |
| Gemma O'Hara | ||
| Threadneedle Communications | Tel: +44 20 7653 9850 | |
| Graham Herring / Josh Royston |
Notes to editors:
Listed on the AIM market of the London Stock Exchange, Media Corp is a leading internet media and online gaming group.
The Group has two principal divisions:
Advertising Network - Formed in 1996, Eyeconomy specialises in mass reach campaigns to over 30 Million unique consumers per month via its own proprietary ad-serving and tracking technology for clients including AOL, Dell and American Express.
www.eyeconomy.co.uk
Website Publishing - Media Corp has a diverse publishing division specialising in online media.
The impressive portfolio of websites includes a number of market leading websites, such as www.purplelounge.com, www.gambling.com, www.onthebox.com, www.sport.co.uk, www.creditcardexpert.co.uk and www.flightcomparison.co.uk.
Further information can be found on the company's website, at www.mediacorpplc.com
Copyright Business Wire 2010
Related Shares:
MDC.L