9th Nov 2009 07:00
09 November 2009
MEDIA CORPORATION PLC
("Media Corp" or the "Group")
Director's Dealings
The Board of the Media Corp was informed on 6 November 2009 that a Director of the Company bought shares in Media Corp as follows:-
| Director | Price per share | Number of shares | Total number of shares held subsequent to the purchase | Percentage of issued share capital held | |||||
| John Palmer | 3.1p | 650,000 | 650,000 | 0.25% |
The issued share capital of the Company comprises 265,333,661 ordinary shares of 1 pence each.
Justin Drummond, Chief Executive Officer of Media Corp, commented:
"We are delighted that Chris Gorman, OBE and John Palmer, both Non-Executive Directors of Media Corp, have made significant shares purchases over the past week. This is an endorsement of our strategy and further demonstrates their confidence in the business going forward."
Further information can be found on the company's website, at www.mediacorpplc.com or by contacting:
| Media Corporation plc | Tel: +44 20 7618 9000 | ||||
| Justin Drummond - CEO | |||||
| Nilesh Jagatia - Group Finance Director | |||||
| Astaire Securities plc | Tel: +44 20 7448 4400 | ||||
| Aaron Smyth / Jo Turner | |||||
| Bishopsgate Communications | Tel: +44 20 7562 3350 | ||||
| Robyn Samuelson /Gemma O'Hara | |||||
Notes to editors:
Listed on the AIM market of the London Stock Exchange, Media Corp is a leading internet media and advertising group focused on website publishing and online advertising.
The Group has two principal divisions:
Advertising Network - Formed in 1996, Eyeconomy specialises in mass reach campaigns to up to 50 Million unique consumers per month via its own proprietary ad-serving and tracking technology for clients including Vodafone, 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 sites such as www.purplelounge.com, www.gambling.com, www.onthebox.com, www.sport.co.uk, www.creditcardexpert.co.uk and www.flightcomparison.co.uk.
Copyright Business Wire 2009
Related Shares:
MDC.L