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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Environ Group | LSE:EVN | London | Ordinary Share | GB00B50K2P36 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.55 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:5810U Europe Vision PLC 10 April 2007 Europe Vision plc (The 'Company') Appointment by Tritel Investments as consultant to DK4 Europe Vision, the AIM listed studio-to-screen European media company, announces that it has been appointed by Tritel Investments to restructure, refinance and address management issues at Denmark's DK4 television channel. DK4 is a 100pc subsidiary of Tritel Investments, which owns 25.29pc of Europe Vision. DK4's programming has historically focussed on local Danish language content as opposed to its competitors whose programming is dominated by American imported product which is subtitled. Although DK4 has had some significant market penetration for special occasions, such as sporting events featuring Danish national teams, overall its financial performance has been disappointing since it was acquired in May 2006 by Tritel Investments. Europe Vision will be responsible for preparing DK4 either to be sold or to be ready for further investment to fund expansion. The service will be provided for a period of three months only and the Company will be paid a fee of Euro500,000, half payable immediately and the remainder on completion of the three months, plus any out of pocket expenses and an additional five per cent success fee of any sale price or investment consideration. If any investments are made by DK4 Europe Vision will be paid a performance fee of five per cent of the consideration. The agreement will further strengthen the Company's interest due to additional revenue streams and supplementation of the company's strategy to gain access to multiple media delivery channels for its content. David Lowe, Chairman of Europe Vision is also a Non Executive director of DK4 and Tritel Investments is a 25.29pc shareholder of the Company and therefore this transaction is with a related party. The Directors of Europe Vision, excluding David Lowe, consider, having consulted with Europe Vision's nominated adviser, KBC Peel Hunt, that the terms of the transaction are fair and reasonable in so far as its shareholders are concerned. - Ends - Enquiries: Europe Vision plc David Lowe, Chairman KBC Peel Hunt Ltd Capel Irwin 020 7418 8907 Richard Newman 012 1698 2151 Bell Pottinger Corporate and Financial Olly Scott 078 1234 5205 This information is provided by RNS The company news service from the London Stock Exchange END CNTOKKKDKBKDAQD
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