UTV unveils rights issue move

The owner of talkSPORT today announced plans to raise almost £50m (€63.3m) as it became the latest firm to ask shareholders for a cash boost.

Wed, 04 Jun, 2008 - 09:44

The owner of talkSPORT today announced plans to raise almost £50m (€63.3m) as it became the latest firm to ask shareholders for a cash boost.

Broadcasting group UTV, which runs 24 radio stations and an ITV franchise, said the discounted rights issue formed part of a wider refinancing aimed at reducing debt and strengthening its balance sheet.

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