23rd Jan 2009 14:37
UBC Media Group plc ("UBC" or The "Company")
Director's Dealing
The Company would like to formally note that the Ordinary Shares in UBC which, as noted each year in the Company's Annual report, are held by HSBC Global Custody Nominee UK ("HSBC") on behalf of Simon Cole, Chief Executive, were secured as part of a general security arrangement against credit facilities with his bank. Currently HSBC holds 6,760,000 shares as security against a loan of £75,000 used to purchase shares in UBC before its floatation.
This is an arrangement which Mr Cole informed the company about at the time and which the Company is now disclosing under the clarified FSA requirements.
Enquiries:
|
Simon Cole, CEO, UBC Media Group plc |
Tel: 020 7453 1681 |
|
Mark Percy/Sarah Jacobs, Seymour Pierce Ltd |
Tel: 020 7107 8000 |
Related Shares:
7DIG.L