Financing Update
05 Mars 2009 - 3:30PM
UK Regulatory
TIDMSPMG
RNS Number : 3878O
Sport Media Group PLC
05 March 2009
SPORT MEDIA GROUP PLC
("Sport Media", "SPMG", "or "the Company")
Financing update
Pursuant to the announcement on 7 January 2009 and the AGM statement on 24
February 2009, the Board of Sport Media Group plc (AIM: SPMG.L) is pleased to
announce that it has negotiated an interim extension to its existing bank
facilities while discussions around the longer term facilities are being
finalised over the coming weeks.
The Board remains optimistic that longer term facilities will shortly be agreed,
but nonetheless
continues to explore all other possibilities to secure the
Group's future. The Company will continue
to update the market with regards
to future developments as and when they occur.
For further information, please contact:
Sport Media Group plc
Andrew Fickling, Chief Executive Officer Tel: + 44 (0) 161
236 4466
Andrew Fletcher, Chief Financial OfficerTel: + 44 (0) 20 8507 6965
www.sportmediagroup.co.uk
Daniel Stewart & Company plc
Simon Leathers/Oliver RigbyTel: + 44 (0) 20 7776 6550
www.danielstewart.co.uk
Notes to Editor:
On the 5th September 2007 Interactive World Plc acquired the entire issued share
capital of Sport Newspapers Limited by way of a reverse takeover. At this time
the name of the Company was changed to Sport Media Group Plc and the enlarged
issued share capital was admitted to trading on AIM.
The Group has grown to become a recognised UK branded tabloid newspaper,
publishing various titles including the Daily Sport and Sunday Sport. The Sport
titles are sold to approximately 37,000 retail outlets around the UK by a
network of wholesalers, both commercial and independent.
The Group's other activities include the sales of digital media content through
mobile telephones via the internet to mobile customers of major UK network
operators and users of leading UK internet key search engines.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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