Media House opts against repurchase offer to shareholders
Created: Jun 04, 2010 11:00 AM
Media House Ltd. yesterday said that it had decided not to proceed with a general offer to its shareholders to repurchase its shares prior to the completion of the de-listing of its shares from the Bermuda Stock Exchange.
The company, which owns the Bermuda Sun, as well as printing interests in the Caribbean, announced yesterday that its decision followed consultation with its professional advisers.
The BSX has confirmed that the effective date for the de-listing of the company from the BSX will be 12 July, 2010. The last trading day for the Company's common shares will be Tuesday, July 6, 2010.