Disposal
25 Abril 2003 - 4:00AM
UK Regulatory
RNS Number:3625K
Chrysalis Group PLC
25 April 2003
25 April 2003
CHRYSALIS GROUP PLC
Exclusive Discussions for the Disposal of the Group's Television Division
The Board of Chrysalis Group plc ("Chrysalis" or the "Group") today confirms
that it is in exclusive discussions for the disposal of the Group's Television
Division to an MBI Group. Any such transaction remains subject to the agreement
of satisfactory contractual terms and will require shareholder approval.
The MBI Group is led by Steve Morrison, formerly Chief Executive, Granada plc,
Jules Burns formerly Managing Director, Operations at Granada and David
Liddiment, formerly ITV Director of Channels. The proposal is subject to final
due diligence and the agreement of satisfactory terms, but has the support of
both debt and equity providers.
The Board will update shareholders with further information in due course.
Ends
Contacts
Chrysalis
Richard Huntingford, Chief Executive 020 7470 1057 / 07802 793 444
Harriet Finney, Investor Relations Manager 020 7465 6272 / 07811 370 957
Mark Edwards, Buchanan Communications 020 7466 5000
MBI Group
Steve Morrison 020 7554 1400 (on 25th April only)
Gavin Anderson & Company
Richard Constant/Neil Bennett 020 7554 1400
This information is provided by RNS
The company news service from the London Stock Exchange
END
DISKGGZDVDVGFZM