7th May 2009 13:40
Sport Media Group plc
("Sport Media" or "the Company")
Holding(s) in Company
Sport Media Group plc (AIM: SPMG.L), the integrated multi-media group that publishes the Sunday and Daily Sport newspapers, numerous magazines including 'Front' and digital content for internet and mobile channels, has today been informed by Gold Group International Limited that it has sold its total holding of 3,227,197 Ordinary Shares of 0.25p each ("Ordinary Shares") to Spreadex Limited.
Spreadex Limited's holding is registered in the name of OMX Securities LLP and accordingly they have today announced a holding of 3,604,662, which represents approximately 3.72% of the Company's issued share capital.
Pursuant to the sale of these shares David Gold, a beneficiary of Gold Group International Limited, entered into a financial instrument whose terms are referenced, in whole, to the value of the Ordinary Shares. In effect the holder of this financial instrument has a long position on the economic performance over the Ordinary Shares. As a result of entering into this financial instrument, David Gold has an indirect holding of 3,227,197 qualifying financial instruments with similar economic effects to the holders of voting rights.
The net effect of these two transactions is that David Gold's beneficial interest in 3,227,197 Ordinary Shares, which represents approximately 3.38% of the Company's issued share capital, has not changed.
For further information, please contact:
Sport Media Group plc
Andrew Fickling, Chief Executive Officer Tel: + 44 (0) 161 236 4466
Andrew Fletcher, Chief Financial Officer Tel: + 44 (0) 20 8507 6965
www.sportmediagroup.co.uk
Daniel Stewart & Company plc
Simon Leathers/Oliver Rigby Tel: + 44 (0) 20 7776 6550
www.danielstewart.co.uk
Notes to Editor:
On the 5th September 2007 Interactive World Plc acquired the entire issued share capital of Sport Newspapers Limited by way of a reverse takeover. At this time the name of the Company was changed to Sport Media Group Plc and the enlarged issued share capital was admitted to trading on AIM.
The Group has grown to become a recognised UK branded tabloid newspaper, publishing various titles including the Daily Sport and Sunday Sport. The Sport titles are sold to approximately 37,000 retail outlets around the UK by a network of wholesalers, both commercial and independent.
The Group's other activities include the sales of digital media content through mobile telephones via the internet to mobile customers of major UK network operators and users of leading UK internet key search engines.
Related Shares:
SPMG.L