Media Corporation Plc ("Media Corp" or the "Group")
Settlement of legal claims
The Board of Media Corporation Plc is pleased to announce that it has reached a settlement agreement, with CD Casino Limited, in respect of the pending legal claim brought against Media Corp and its subsidiary Search Focus Limited in February 2012. In settlement the Group will issue CD Casino Limited with 15 million ordinary shares.
Following this announcement the Group has no further outstanding litigation.
Further announcements will be made as and when appropriate.
|Media Corporation Plc||Tel: +44 20 7618 9000|
|Phil Jackson - Chairman|
|Adam Fraser-Harris - Interim CEO|
|Northland Capital Partners Limited||Tel: + 44 20 7796 8800|
|Luke Cairns / Rod Venables (Nominated Adviser)|
|Katie Shelton (Joint Broker)|
|XCAP Securities||Tel: + 44 20 7101 7070|
|Jon Bellis / Karen Kelly (Joint Broker)|
Tel: + 44 20 7562 3350
Nick Rome / Sam Allen - email@example.com
Copyright Business Wire 2012