Sale of N.B.D Holdings Limited
Sale of N.B.D Holdings Limited (“NBD”)
DCD Media plc
("DCD Media" or the "Company")
Sale of N.B.D Holdings Limited (“NBD”), a subsidiary of DCD Media, to 108 Media Limited and General Meeting
DCD Media, the independent TV distribution and production group, announces that it has conditionally agreed to sell the entire issued share capital of NBD to 108 Media Limited ("108 Media"), for a total consideration of up to £4.7 million in cash (the "Consideration"), pursuant to the terms of the Sale Agreement (the "Sale") as described in paragraph four in the appendix to this announcement . The Sale, if approved, will result in the divestment of substantially all of the Company’s existing business, assets and trade liabilities.
See full notification here
See full circular here
For further information please contact:
DCD Media
David Craven, CEO and Executive Chairman
Lisa Hale, Marketing Manager
Tel: +44 (0)20 3869 0190
ir@dcdmedia.co.uk
finnCap Ltd – Nominated Adviser & Broker
Carl Holmes / George Dollemore
Tel: +44 (0) 20 7220 0500