2nd Aug 2007 09:00
ITV PLC02 August 2007 2nd August 2007 ITV sells shares in ITFC The ITV1 regional licence holders have today announced the sale of their sharesin Independent Television Facilities Centre Limited ("ITFC" or the "Company") toElektrofilm Ltd., a wholly owned subsidiary of Medici Group, LLC. The consideration payable at completion is £8.1 million in cash. ITV plc'sshare of these proceeds will be £7.4 million. As part of the transaction ITFChas entered into a long-term services agreement to provide the ITV regionallicence holders with the continuation of video post-production, subtitling, andaudio description services that have to date been supplied by ITFC. The sale represents a further example of ITV's successful disposal programme ofnon-core assets which is now approaching £600 million since the merger creatingITV plc in 2004. Ends. For further enquiries please contact: ITV plcTel: 0844 881 8000 Press enquiries:Brigitte Trafford - Group Communications DirectorJim Godfrey - Director of Corporate Affairs Investor enquiries:James Tibbitts - Company SecretaryGeorgina Blackburn - Head of Investor Relations About ITV: ITV plc owns 11 out of the 15 ITV1 regional licences and 91.5% of the issuedshare capital of ITFC. ITV is Britain's biggest and most popular commercialbroadcaster. ITV's flagship channel - ITV1 - is the home of the most populardrama and entertainment programmes on British television and ITV2, 3 and 4 areamong the most popular channels on multi-channel television. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
ITV