SPMG Sport Media

 

TIDMSPMG 
 
RNS Number : 5264M 
Sport Media Group PLC 
30 January 2009 
 
30 January 2009 
 
 
Sport Media Group plc 
 
 
("SMG," the "Company" or the "Group") 
 
 
Business as usual at Sport Media Group 
 
 
As announced on 7 January 2009, Sport Media Group are currently in negotiation 
with their bank to revise facility terms. As part of the requirement of the 
correct preparation of the Company's Annual Report and Accounts, the Company's 
Auditors must comment on the status of the business based on the availability of 
banking facilities for the coming twelve months. 
As the Company's banking facilities are currently under negotiation, statements 
in the Annual Report and Accounts must reflect this situation, in the manner 
outlined in the announcement of 28 January 2009. Under the AIM Rules the Company 
is required to publish its Annual Report and Accounts within 6 months of the 
Company's year end. This has forced the Company to publish its Annual Report and 
Accounts ahead of agreeing a refinancing package. 
This announcement does not reflect any change in the short-term trading position 
of the Company. The Company continues to negotiate a number of financing 
options, and remains confident that a refinancing solution will be reached in 
the short term. 
For further information, please contact: 
 
 
Sport Media Group plc 
Andrew Fickling, Chief Executive Officer    Tel: + 44 (0) 161 236 4466 
Andrew Fletcher, Chief Financial Officer     Tel: + 44 (0) 20 8507 6965 
www.sportmediagroup.co.uk 
 
 
Daniel Stewart & Company plc 
Simon Leathers/Oliver Rigby                     Tel: + 44 (0) 20 7776 6550 
www.danielstewart.co.uk 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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