31st Oct 2007 08:37
Livermore Investments Group Limited31 October 2007 31 October 2007 LIVERMORE INVESTMENTS GROUP LIMITED ("LIVERMORE") Investment of €9.6 million in DTH Television Group SA ("DTH") Livermore today announces reaching an agreement for the investment ofapproximately €9.6 million ($13.8m / £6.7m) in DTH Television Group (DTH) by wayof an interest-bearing shareholder loan and equity participation of 15% of DTH'sshare capital. The closing of this investment is subject to certain approvalsand resolutions that are expected during December 2007. DTH Television Group is a Romanian company that provides a Direct-To-Home multichannel television service under the brand name "Boom". Boom positioned itselfas an innovative and modern high quality multi channel operator, covering thehome TV needs for the whole family while providing extra content in all areas. DTH largest shareholders to date are RP Capital Group - a London basedinvestment firm, and Elran - an investment company traded on the TASE. Noam Lanir, Chief Executive Officer of Livermore, commented: "the investment inDTH represents our strong belief in DTH's business model and in the managementteam's ability to maintain the company's rapid growth for the benefit of allDTH's shareholders." Enquiries: Jessica Rouleau, Hudson Sandler 020 7796 4133 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Livermore