Purchase of Own Shares and Directors' Dealings
25 Septiembre 2009 - 1:00AM
UK Regulatory
TIDMBRST
RNS Number : 6433Z
Burst Media Corporation
25 September 2009
25 September 2009
Burst Media Corporation ("Burst" or the "Company")
Purchase of own shares and directors' dealings
On 24 September 2009, the Company announced its intention to repurchase for
cancellation Burst common shares of US$0.01 each ("Burst Shares") with an
aggregate market value of up to US$500,000.
The Company announces that on 24 September 2009 it purchased a total of
2,500,000 Burst Shares at a price of 12 pence per share. The authority granted
by the Board for the Company to repurchase Burst Shares has been fully utilised
and the Company does not intend to make further repurchases at the current
time.
It is intended that the 2,500,000 Burst Shares repurchased by the Company will
be cancelled. Following cancellation of these shares, Burst will have 68,128,562
common shares of US$0.01 each in issue.
On 24 September 2009, certain directors of the Company also purchased Burst
Shares, details of which are set out below:
+------------------+------------------+------------------+------------------+
| Director | Number of Burst | Price paid per | Number of Burst |
| | Shares purchased | share | Shares held |
| | | | following |
| | | | purchase |
+------------------+------------------+------------------+------------------+
| James Garrity | 35,000 | 12p | 35,000 |
+------------------+------------------+------------------+------------------+
| David Hanger | 50,000 | 12p | 300,000 |
+------------------+------------------+------------------+------------------+
| Steven Hill | 50,000 | 12p | 150,000 |
+------------------+------------------+------------------+------------------+
| David Stein | 500,000 | 12p | 10,668,200 |
+------------------+------------------+------------------+------------------+
Enquiries:
+------------------------------------+------------------------------------+
| Burst Media Corporation | |
+------------------------------------+------------------------------------+
| Jarvis Coffin, Chief Executive | Tel: +1 781 852 5271 |
| Steve Hill, Chief Financial | |
| Officer | |
+------------------------------------+------------------------------------+
| | |
+------------------------------------+------------------------------------+
| Altium | |
+------------------------------------+------------------------------------+
| Tim Richardson / Paul Chamberlain | +44 (0) 20 7484 4040 |
+------------------------------------+------------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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