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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Medal Ent&Med | LSE:MME | London | Ordinary Share | GB0031004350 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 23.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:5569I InvestinMedia PLC 06 September 2006 6 September 2006 InvestinMedia plc ("IVM" or "the Company") Purchase of Fountain Television Limited The Company today completed the purchase of Fountain Television Limited ("Fountain"), owner and operator of the 13,000 sq. ft television studios in Wembley, from Medal Entertainment & Media plc ("MEM") for a cash consideration of # 1.5 million and repayment to MEM of # 5.3 million of inter-company loans. This purchase represents a Substantial Transaction under Rule 12 of the AIM Rules The principal activity of Fountain is the ownership and operation of the Fountain Television Studios in Wembley. In the year ended 31 March 2006, Fountain achieved a turnover of approximately #3.2 million and a loss on ordinary activities before tax of #0.4 million. At 31 March 2006, the net assets of Fountain stood at #1,654,000. The Directors know the business well and consider that in the near future Fountain can be restored to profitability. Over the longer term the Directors believe Fountain will prove a successful investment. The funding for the Fountain acquisition was provided by secured bank borrowing and was satisfied in full in cash at completion. This acquisition is planned to be the first of a series of investments, which while in some cases representing minority stakes, will in others involve 100% acquisitions where this is considered by the board to be appropriate. For further information, please contact: Richard Murray, Chairman Cameron Maxwell, Chief Executive InvestinMedia plc Tel: 0207 588 7352 E-mail: mail@InvestinMedia.com This information is provided by RNS The company news service from the London Stock Exchange END ACQUUUQWBUPQGUQ
1 Year Medal Entertainment & Media Chart |
1 Month Medal Entertainment & Media Chart |
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