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AUSTRALIAN MEDIA HISTORY MADE AS SUNRAYSIA TV IS SUSPENDED FROM TRADING BEFORE REMOVAL FROM LISTING

December 14th 2007 03:43

More Australian media history in the making: the ASX this afternoon announced that the securities of Sunraysia Television Ltd will be suspended from quotation immediately, at the request of the company, following the completion of its off-market share buy back.
In the morning, Sunraysia informed the ASX that its buy-back offer has now closed, and it is currently finalising the amount of the buy-back first installment and expects to dispatch cheques before December 31, 2007.
At the date of this notice the Directors estimate that the Buy-Back Price per share will be $12.75 for 11.309 million Sunraysia ordinary shares, representing 98 percent of the issued capital of Sunraysia.

The total consideration payable by Sunraysia will be $144.192 million.


- From MediaBlab
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