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Article: MEDIA HOLDINGS PLC - Issue of Equity.
- Article from:
- PR Newswire UK Disclose
- Article date:
- May 30, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MEDIA HOLDINGS PLC
ISSUE OF EQUITY AND ACQUISITION OF FURTHER STAKE IN PARKGREEN
The Board of Media Holdings plc (the "Company") announces that it has today
entered into an agreement to purchase a further 1,000 shares in Parkgreen
Communications Limited ("Parkgreen"), meaning it now holds a total of 1,490
shares. Prior to 31 January 2008, the 490 shares it had held gave it a 49 per
cent. holding in Parkgreen, but on 31 January, the holder of a convertible loan
note, Rusape Limited ("Rusape"), a private company registered in the British
Virgin Islands, exercised its conversion rights in order to strengthen
Parkgreen's balance sheet ...