SIGNATURES
Pursuant to the requirements of the
Securities Exchange Act 1934, the registrant has duly caused this report to be signed on
its behalf of the undersigned, thereunto duly authorised.
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Date 4 November
2004
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JAMES
TIBBITTS
COMPANY SECRETARY
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ITV PLC
17 September 2004
ITV plc
Performance Share Plan
On 16th September 2004 a number of
senior executives of ITV including the following Directors of ITV plc were granted
options over shares of ITV plc under the above scheme as follows:
The options will become exercisable
subject to TSR performance on the third anniversary of the grant of the Award.
Enquiries:
Simon Rigby Citigate Dewe
Rogerson 020 7638 9571
ITV PLC
22 September 2004
Not for distribution in the United
States, Canada, Australia or Japan.
22 September 2004
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ITV
sells stake in Thomson SA
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ITV has this morning agreed to sell
15.5 million shares in Thomson SA through an off-exchange block sale before the opening
of trading on Euronext Paris. Citigroup Global Markets Limited and UBS Limited have
agreed to purchase following a competitive process. In accordance with normal market
terms, closing and settlement are expected to take place on 27 September.
In total, the shares constitute
approximately 5.5% of the outstanding shares of Thomson SA. This represents ITVs
entire stake in Thomson.
ITVs stake in Thomson
originates from Carltons sale of Technicolor, a manufacturer and distributor of
videocassettes, CDs and DVDs, to Thomson in 2001. In November 2001 Carlton raised finance
by issuing an Exchangeable Bond for 638.6 million, convertible at the option of
bond investors into 15.5m Thomson shares. This bond can be put in January 2005 and
matures in 2007. ITV has entered into bilateral hedging arrangements with Citigroup
Global Markets Limited in respect of the contingent exchange liability associated with
the Exchangeable Bond.
The book value of the stake is £162
million. The proceeds from the sale will be primarily used to reduce ITVs debt.
This is the second non-core asset
disposal by ITV and follows the sale of Carlton Books in August 2004.
Commenting, Charles Allen, Chief
Executive of ITV said:
Were delighted to have
disposed of our largest non-core asset sooner than expected at a 5 month high and reduced
our borrowings by £172m . This disposal, together with the recent sale of Carlton
Books and the initial bids weve received for the Moving Picture Company, means that
we are well advanced in disposing of our non-core assets, restructuring our balance sheet
and significantly reducing our debt.
Contacts:
ITV
Brigitte Trafford - Communications Director
James Tibbitts - Director of IR - Company Secretary Tel 020
7620 1620
Citigate Dewe
Rogerson
Jonathan Clare
Simon Rigby
Fiona Mulcahy
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Tel:020 7638 9571
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This press release does not
constitute an offer to sell, purchase, exchange or transfer any securities or a
solicitation of any such offer in the United States or any other jurisdiction. Securities
may not be offered or sold in the United States absent registration or an exemption from
registration under US Securities Act of 1933, as amended, (the Securities Act).
Neither ITV nor any other participant in the transactions described herein intends to
register any securities under the Securities Act or with any securities regulatory
authority of any state or other jurisdiction in the United States in connection with the
proposals described in this announcement.
This communication is directed only
at persons who (i) are outside the United Kingdom or (ii) have professional experience in
matters relating to investments or (iii) are persons falling within Article 49(2)(a) to
(d) (high net worth companies, unincorporated associations etc) of The
Financial Services and Markets Act 2000 (Financial Promotion) Order 2001 (all such
persons together being referred to as relevant persons). This communication
must not be acted on or relied on by persons who are not relevant persons. Any investment
or investment activity to which this communication relates is available only to relevant
persons and will be engaged in only with relevant persons.
ITV PLC
27 September 2004
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ITV
purchases Exchangeable Bonds
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ITV plc announces that on 24
September, 2004 it purchased 121,217,000 of its 2.25% Exchangeable Bonds 2007 (the
Bonds). Following cancellation of the purchased Bonds, 517,383,000
nominal amount of the issue will remain outstanding.
The Bonds were issued by Carlton
Communications plc in November 2001 and were transferred to ITV plc in July 2004
following the merger of Carlton Communications plc and Granada plc. The Bonds are
exchangeable at the holdersoption into shares in Thomson. The Exchangeable Bonds
can be put back to ITV plc by investors at par in January 2005 and mature in 2007.
On 22 September ITV plc announced
that it had sold its entire holding of 15.5m shares in Thomson and ITV plc has put
separate hedging arrangements in place in respect of the contingent exchange liability
associated with the remaining Bonds.
This repurchase does not alter ITVs
net debt position.
ITV PLC
28 September 2004
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ITV
purchases Exchangeable Bonds
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ITV plc announces that on 27
September, 2004 it purchased 34,511,000 of its 2.25% Exchangeable Bonds 2007 (the
Bonds). Following cancellation of the purchased Bonds, 482,872,000
nominal amount of the issue will remain outstanding.
The Bonds were issued by Carlton
Communications plc in November 2001 and were transferred to ITV plc in July 2004
following the merger of Carlton Communications plc and Granada plc. The Bonds are
exchangeable at the holdersoption into shares in Thomson. The Exchangeable Bonds
can be put back to ITV plc by investors at par in January 2005 and mature in 2007.
On 22 September ITV plc announced
that it had sold its entire holding of 15.5m shares in Thomson and ITV plc has put
separate hedging arrangements in place in respect of the contingent exchange liability
associated with the remaining Bonds.
This repurchase does not alter ITVs
net debt position.
ITV PLC
12 October 2004
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ITV
completes purchase of GMTV stake
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ITV has completed the acquisition of
SMGs 25% stake in GMTV Limited (announced on 10 May 2004) for a cash consideration
of £31 million. GMTV owns the sole national channel three licence which is broadcast
every day at breakfast time between 6.00 am and 9.25 am. It is consistently the
highest-rated UK breakfast time programme. As with other channel three licensees, GMTV
expects to negotiate revised financial terms for its licence from 1st January 2005. It is
currently one of the highest paying licensees in terms of its PQR (percentage of
qualifying revenue) payments.
ITV now owns 75% of GMTV; The Walt
Disney Company owns the remaining 25%. Under the terms of the GMTV shareholders
agreement, and as a consequence of ITVs acquisition of SMGs stake, ITV is now
obliged to offer The Walt Disney Company the same terms for its 25% stake.
Charles Allen, CEO of ITV, said:
GMTV is an excellent business
and in 2003 grew its share of viewing. ITV plcs acquisition of an increased stake
in GMTV at a fair price has simplified the ownership structure and will enable ITV and
GMTV to work even more closely together.
For further information contact:
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ITV plc
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Brigitte Trafford
Communications Director
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020 7737 8719
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Citigate Dewe Rogerson
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Alex Brown
Associate Director
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020 7282 2837
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ITV PLC
13 October 2004
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ITV
response to OFCOM methodology
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ITV plc welcomes Ofcoms
publication of the methodology for the review of financial terms for Channel 3 licensees.
ITV looks forward to discussing further with Ofcom the methodology and assumptions that
will be used in this process ahead of any or all licensees applying for a review of their
financial terms from the end of this year. The results of any such review are due to be
confirmed by June 2005.
For further information contact:
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ITV plc
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Brigitte Trafford
Communications Director
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020 7737 8719
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Citigate Dewe Rogerson
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Simon Rigby
Executive Director
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020 7282 2847
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ITV PLC
20 October 2004
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FORMAL
NOTICE FOR SPECIALIST SECURITIES PUBLICATION DATE:
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21st
October 2004
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Application
has been to the UK Listing Authority for the following securities to be
admitted to the Official List:
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DETAILS
OF ISSUE:
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£1,000,000,000
Euro Medium Term Note Programme
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ISSUER:
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ITV
plc
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INCORPORATED
IN:
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England
and Wales
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GUARANTOR:
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Carlton
Communications Plc (incorporated with limited liability under the laws of
England and Wales)
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Particulars
relating to the Programme may be obtained during usual business hours for
as long as notes are capable of being issued under the Programme from:
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ITV
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HSBC Bank PLC
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The London Television Centre
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Canada Square
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15th Floor
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London
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The London Television Centre
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E14 5HQ
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Upper Ground
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London
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SE1 9LT
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In addition, a copy of the
Particulars is available for inspection at the Document Viewing Facility at the Financial
Services Authority, 25 The North Colonnade, London E14 5HS.
ITV PLC
29 October 2004
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ITV
sells stake in Village Roadshow
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ITV plc has sold its 18% investment
in the Australian media company Village Roadshow in the open market for a total
consideration of £36 million (A$91 million). ITV began the sell down in August and
has sold its remaining shares this week.
The interest in Village Roadshow was
part of Granadas acquisition of the media assets of United Business Media in 2000,
and had a carrying value in the books of ITV plc of £15 million.
Commenting on the disposal, Charles
Allen, Chief Executive of ITV, said:
We are delivering on our
strategy to reduce our non core assets and sold our investment in Village Roadshow at an
average price of A$2.16, compared to a recent low of A$1.00 in March 2003. We will use
the cash to reduce our debt and focus on building our core business and we look forward
to the launch of ITV3 on 1 November 2004.
For further information contact:
Press enquiries:
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ITV plc
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Brigitte Trafford
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020 7737 8719
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Citigate Dewe Rogerson
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Alex Brown
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020 7282 2837
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Investor enquiries:
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ITV plc
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Georgina Blackburn
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020 7261 3911
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