Acquisition of interests in Antena 3 Television, S.A. and DTS Distribuidora de Television Digital S.A.
18Aug2000 UK: RTL Group Acquisition of Interest, etc.
18 August 2000
RTL Group ("the Company")
Acquisition of interests in Antena 3 Television, S.A. and DTS Distribuidora de
Television Digital S.A.
RTL Group announces that the transfer by the Pearson Group ("Pearson") of its
interests in Antena 3 Television, S.A. ("Antena 3") and DTS Distribuidora de Television Digital, S.A. ("Via Digital"), as contemplated by the Contribution Agreement described in the Company's listing particulars, dated 30 June 2000, is now scheduled to occur on 4 September 2000. An Extraordinary General Meeting of RTL Group to approve the contribution has been convened for 4 September 2000.
Pearson will receive 2,885,586 RTL Group ordinary shares upon contribution of Antena 3 and Via Digital following which Pearson's interest in RTL Group will be 22% as originally envisaged in the listing particulars. Following the contribution RTL Group will have approximately a 10% interest in Antena 3 and approximately 5% interest in Via Digital. Listing of the new ordinary shares being issued to Pearson is expected to become effective on 5 September 2000.
Source: REGULATORY NEWS SERVICE 18/08/2000