![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Burst Med Reg S | LSE:BRST | London | Ordinary Share | COM SHS USD0.01 (REGS) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 31.25 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMBRST RNS Number : 1809O Burst Media Corporation 03 March 2009 3 March 2009 Burst Media Corporation ("Burst" or the "Company") Statement re recent share price movement and year end trading update The Directors of Burst (the "Board") have noted the recent movements in the Burst share price and provide the following statement. The Board emphasises that it is not currently negotiating with any third party with regards a possible offer for the Company. However, on 22 January 2009, the Board received an unsolicited indicative expression of interest regarding a potential cash offer for the Company at a price of between 6.3 pence and 7.0 pence per Burst share (the "Expression of Interest"). The Expression of Interest represented a discount to the value per share of the Company's cash balance and the Board unanimously rejected it as wholly inappropriate and unreflective of the worth of the Burst businesses. The Board acknowledges the possibility that the Expression of Interest may be revised and resubmitted for further consideration in due course. The Board will continue to evaluate any appropriate approaches received. However, as highlighted in the Company's announcement on 21 January 2009, the Board believes that, in view of its current trading performance and strong balance sheet and the challenging macro economic climate, proactive efforts to sell the Company at this time would not be in the best interest of Burst shareholders. The Board is focusing on the ongoing development of the Company and believes that opportunities exist for the Company to take advantage of its relative strength to add critical mass to its businesses and to generate shareholder value. In addition, the Board is now in a position to provide an update regarding trading for the year ended 31 December 2008. On 24 July 2008, the Company announced that it expected Adjusted EBITDA(1) for the year to 31 December 2008 to be between $(0.7) million and $0.5 million. The Board currently expects Adjusted EBITDA for the year to 31 December 2008 to be at the top end of this indicated range. It should be noted that, as a US corporation, the City Code on Takeovers and Mergers does not apply to the Company. Further announcements will be made as appropriate. Note: (1) "Adjusted EBITDA" is defined as net income excluding restructuring charges and stock-based compensation before interest income, taxes, depreciation and amortization and costs relating to the current review of strategic alternatives and is a non-U.S. GAAP financial measure. The Company believes Adjusted EBITDA provides meaningful insight into the Company's ongoing economic performance and therefore uses it internally to assist in evaluating and managing the Company's operations. Enquiries: +------------------------------------+------------------------------------+ | Burst Media Corporation | | +------------------------------------+------------------------------------+ | Jarvis Coffin, Chief Executive | Tel: +1 781 852 5271 | | Steve Hill, Chief Financial | | | Officer | | +------------------------------------+------------------------------------+ | | | +------------------------------------+------------------------------------+ | Altium | | +------------------------------------+------------------------------------+ | Tim Richardson / Paul Chamberlain | Tel: +44 (0) 20 7484 4040 | +------------------------------------+------------------------------------+ +------------------------------------+------------------------------------+ | Hudson Sandler | | +------------------------------------+------------------------------------+ | Nick Lyon / James White | Tel: +44 (0) 20 7796 4133 | +------------------------------------+------------------------------------+ This information is provided by RNS The company news service from the London Stock Exchange END SPMFLLLBKXBEBBZ
1 Year Burst Media Corporation Chart |
1 Month Burst Media Corporation Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions