Cancellation of Shares
16 September 2004 - 4:54PM
UK Regulatory
RNS Number:0430D
Music Choice Europe PLC
16 September 2004
16 September 2004
Music Choice Europe plc
("Music Choice" or "the Company")
Cancellation of Shares and Share Premium Account
With reference to the announcement on 18th August 2004, Music Choice Europe plc
today confirms that on 15th September 2004 the Court approved the cancellation
of 73% of each shareholder's holding at the close of business on 14th September
2004 and the cancellation of the Company's share premium account. The
cancellation became effective on 16th September 2004.
Contrary to the statement on 18th August 2004, shares of Music Choice were not
suspended on 15th September 2004.
Cancellation of the listing of 89,716,348 of ordinary 1p shares of the Company,
which is listed on the Official List and is traded on the London Stock Exchange
will occur on the release of this announcement. Therefore the issued share
capital is currently 33,182,912 ordinary 1p shares in the Company which will
remain listed on the Official List and traded on the London Stock Exchange.
-ends-
For further information, please contact:
Music Choice Europe plc 020 7014 8700
Margot Daly, Chief Executive
Dylan Jones
Weber Shandwick Square Mile 020 7067 0700
Louise Robson or Helen Thomas
Notes to Editors
About Music Choice Europe
Music Choice is Europe's leading digital audio music broadcaster, available in
more than 13 million homes in 18 countries across Europe and the Middle East.
Music Choice provides consumers with non-stop digital-quality music channels,
completely uninterrupted by DJ chat, adverts, VJs or presenters, 24 hours a day,
seven days a week. With no interruptions for advertising, Music Choice's
channels play about 25% more music than the average commercial radio station or
music television channel. Founded in 1993, Music Choice is a public company
listed on the London Stock Exchange (LSE: MUS), with key shareholders including
BSkyB, Time Warner and Sony Corporation of America.
To find out more about Music Choice visit: http://www.musicchoice.co.uk.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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