14th Jul 2011 16:34
ACQUISITION BY TRUST - PSP AWARDS UTV Media plc Announcement to the London Stock Exchange
Notification of Interests: paragraph 3.1.4 of the Disclosure and Transparency Rules
The UTV Employee Benefit Trust, a discretionary trust established for the benefit of employees of UTV Media plc and its subsidiaries (the "Trust") acquired a total of 200,000 ordinary shares of 5 pence each in the Company, representing 0.21% of the Company's total issued share capital, on 8th July 2011 at a price of £1.31 per share, in order to hedge the liability of awards made under the Company's long term incentive plans. This transaction was notified to the Company on 10th July 2011. The total holding of the Trust following this transaction is 699,999 ordinary shares, representing 0.73% of the Company's total issued share capital.
The executive directors of UTV Media plc, J McCann, N McKeown, J R Downey and S Taunton, are potential beneficiaries of the Trust and are deemed to be interested in such shares and the dealings thereof.
Name of contact and telephone number for queries: Michael Jess: 02890 262220
For and on behalf of UTV Media plc
N McKeownCompany Secretary14th July 2011
XLONRelated Shares:
WLG.L