View all newsletters
Sign up for our free email newsletters

Fighting for quality news media in the digital age.

  1. News
July 15, 2008

Lukewarm response to UTV £50m fundraising bid

By paulmcnally

UTV, the owner of TalkSport and the Northern Irish ITV franchise, has had mixed success in its attempt to raise an extra £50m through a share rights issue.

In a statement this morning, the broadcaster said less than half (41.5 per cent) of shareholders had agreed to buy the new discount-price shares.

Two stockbrokers, Numis and Goodbody, which agreed to act as underwriters for the fundraising attempt, have taken on the 22 million unsold shares and are now looking for buyers.

Update: Investment company TVC Holdings has acquired an 11 per cent stake in the company, becoming its singlest largest shareholder.

Content from our partners
MHP Group's 30 To Watch awards for young journalists open for entries
How PA Media is helping newspapers make the digital transition
Publishing on the open web is broken, how generative AI could help fix it

Topics in this article : , ,

Email pged@pressgazette.co.uk to point out mistakes, provide story tips or send in a letter for publication on our "Letters Page" blog

Select and enter your email address Weekly insight into the big strategic issues affecting the future of the news industry. Essential reading for media leaders every Thursday. Your morning brew of news about the world of news from Press Gazette and elsewhere in the media. Sent at around 10am UK time. Our weekly does of strategic insight about the future of news media aimed at US readers. A fortnightly update from the front-line of news and advertising. Aimed at marketers and those involved in the advertising industry.
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy Policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network