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SPMG Sport Media

0.925
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Sport Media LSE:SPMG London Ordinary Share GB00B11FCP94 ORD 0.25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.925 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Suspension of shares

01/04/2011 9:06am

UK Regulatory



 
TIDMSPMG 
 
SPORT MEDIA GROUP PLC 
 
                    ("Sport Media", "SPMG" or "the Company") 
 
                              SUSPENSION OF SHARES 
 
 
Sport  Media  Group  PLC  (AIM:  SPMG.L)  announces  that, at the request of the 
Company,  trading of its  shares on AIM  has been temporarily  suspended from 1 
April  2011 7:45am pending clarification of its  financial position. The Company 
has experienced an insufficient recovery in trading since the adverse weather in 
December  2010 (as announced on 25 February 2011) with consequential pressure on 
the  Company's  working  capital  position.  This  has led to uncertainty around 
ongoing  support  from  its  bankers.  The  Company  is working with the bank to 
resolve these issues and will update the market as soon as practicable. 
 
The  Company  further  announces  that  Robert  Johnson, Executive Director, has 
tendered his resignation from the Board of the Company with immediate effect, to 
focus his attention on the operational management of the Digital Division. 
 
He  remains  a  Director  of  Netcollex  Ltd,  a  wholly owned subsidiary of the 
Company, and Telecom2 Ltd, a 51% subsidiary of Netcollex Ltd. 
 
For further information, please contact: 
 
Sport Media Group Plc 
 Andrew Fickling, Chief Executive Officer 
 
 Neil Robertson, Group Finance Director     Tel: + 44 (0) 161 236 4466 
 
 www.sportmediagroup.co.uk 
 
 
 
 Daniel Stewart & Company plc 
 
 Oliver Rigby/Noelle Greenaway              Tel: + 44 (0) 20 7776 6550 
 
 www.danielstewart.co.uk 
 
 
 
 
 
 
 
This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
 
Source: Sport Media Group PLC via Thomson Reuters ONE 
 
[HUG#1502518] 
 

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