This page includes Regulatory news filings supplied by issuers listed on the BSX. Please note the BSX is not responsible for the content, accuracy or completeness of announcements filed by issuers and disclaims all liability for any loss arising from reliance on information contained within issuer announcements.
BSX Market Notice - MediaHouse Limited
Hamilton, Bermuda, 6 December 2005 - The Bermuda Stock Exchange (BSX) advises the market that it has accepted the notice filed by MediaHouse Limited (MHL.BH) on Thursday, 1 December 2005 for the company to commence a securities repurchase programme pursuant to Regulation 6.37 of Section IIB of the BSX Listing Regulations for up to 20% of MediaHouse Limited's 8% Cumulative Redeemable Preference Shares of Par Value $5.00 (MHLP.BH). The Exchange has authorized the repurchase programme to commence on Wednesday, 7 December and transactions in furtherance of the repurchase programme will occur through the facilities of the Exchange.
In addition MediaHouse Limited has been granted approval by the Exchange to make a direct offer to holders of its Preference Shares who hold 99 such shares or less to repurchase those Preference Shares. Transactions entered into pursuant to this offer will be allowed to take place off the Exchange.
The Exchange has required MediaHouse Limited to report all repurchases, or lack thereof, to the Exchange every three months, with the first such report to be submitted within ten business days of the end of February 2006.