JTV Jumptv

    RNS Number : 5056E
  JumpTV Inc.
  29 September 2008
   

    JumpTV Issues UK Regulatory Announcement Re Publication of Management Information Circular 

    LONDON--(Marketwire - September 29, 2008) - In compliance with the AIM Rules for Companies ("AIM Rules") and further to its press
release issued 26 September 2008, JumpTV Inc. (TSX: JTV) (AIM: JTV) announces that it has sent to its shareholders a management information
circular (the "Circular") to convene a special meeting of the Company to be held on October 17, 2008 at 9:00 a.m. EDT at the Company's
registered office at 463 King Street West, 3rd Floor Toronto, Ontario, Canada. Copies of the Circular are available to the public free of
charge from the Company's registered office. The Circular are also available on SEDAR and on its website www.jumptv.com. Defined terms used
in this announcement have the meanings set forth in the Circular. 

    The terms of the Private Placement set out in the Company's June 9, 2008 announcement and the Circular have been conditionally approved
by the TSX and are subject to shareholder approval at the special meeting. The Private Placement is a related party transaction under the
AIM Rules. The Board of Directors has also approved the issuance of JumpTV common shares pursuant to the Private Placement to AvantaLion and
G. Scott Paterson and has recommended and authorized the submission of the Private Placement Resolution to the JumpTV Shareholders for
approval. Mr. Paterson abstained from voting with respect to the Private Placement, given his interest in the transaction. Accordingly, the
directors, other than Mr Paterson, having consulted with the Company's nominated adviser, Canaccord Adams Limited, consider the terms of the
Private Placement are fair and reasonable insofar as shareholders are concerned. There are no new service contracts for the proposed new
directors pursuant to the Merger. 

    All other disclosures required by the AIM Rules were disclosed in the announcement of the Company on June 9, 2008. 

    The Circular discloses the proposed executive compensation of executive officers of the Resulting Issuer is intended to be as follows
following the completion of the Merger and that all incentive compensation will be determined at the discretion of the Board of Directors of
the Resulting Issuer. The Circular discloses that upon completion of the Merger, the Resulting Issuer does not expect to enter into any new
employment agreements. 


    Name and Municipality        Office or Position   Number of             Proposed
Of Residence                        with Resulting        Resulting                Base
                                             issuer                    Issuer Common     Annual
                                             Shares                                               Compensation
                                             Beneficially
                                             Owned, Directly
                                             or Indirectly,
                                             or under Direction
                                             or Control

Nancy Li                              Chief Executive        39,357,262        $310,000
Plainview, NY USA             Officer

Arthur J. McCarthy              Chief Financial          20,000               $250,000
Garden City, NY USA         Officer

J.Christopher Wagner           Vice President           400,000            $250,000
Locust Valley, NY USA

Horngwei (Michael) Her        Vice President           480,000            $250,000
St. James, NY USA

Ronald Nunn                         Vice President            480,000           $250,000
Stony Brook, NY USA

Roy E. Reichbach                 General Counsel and    40,000            $250,000
Roslyn Estates, NY USA      Corporate Secretary


    For further information:

    JUMPTV

    G. Scott Paterson
    Executive Chairman
    JumpTV
    416-368-6464

    AIM NOMAD CONTACTS:

    UK
    Neil Johnson

    Andrew Chubb
    Canaccord Adams Limited
    +44 207 050 6500

This information is provided by RNS
The company news service from the London Stock Exchange
 
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