Livermore Investments Group Limited
31 October 2007
31 October 2007
LIVERMORE INVESTMENTS GROUP LIMITED ('LIVERMORE')
Investment of €9.6 million in DTH Television Group SA ('DTH')
Livermore today announces reaching an agreement for the investment of
approximately €9.6 million ($13.8m / £6.7m) in DTH Television Group (DTH) by way
of an interest-bearing shareholder loan and equity participation of 15% of DTH's
share capital. The closing of this investment is subject to certain approvals
and resolutions that are expected during December 2007.
DTH Television Group is a Romanian company that provides a Direct-To-Home multi
channel television service under the brand name 'Boom'. Boom positioned itself
as an innovative and modern high quality multi channel operator, covering the
home TV needs for the whole family while providing extra content in all areas.
DTH largest shareholders to date are RP Capital Group - a London based
investment firm, and Elran - an investment company traded on the TASE.
Noam Lanir, Chief Executive Officer of Livermore, commented: 'the investment in
DTH represents our strong belief in DTH's business model and in the management
team's ability to maintain the company's rapid growth for the benefit of all
DTH's shareholders.'
Enquiries: Jessica Rouleau, Hudson Sandler
020 7796 4133
This information is provided by RNS
The company news service from the London Stock Exchange