ITV plc
SMALLER RELATED PARTY TRANSACTION
This disclosure is being made in accordance with Listing Rule 11.1.10 R due to the fact that ITV plc ("ITV") is entering into a transaction with the BBC, which is deemed to be a related party of ITV under the Listing Rules.
ITV, BBC and Channel 4 have agreed new funding arrangements for the following existing ventures (the "Ventures") for the three year period ending 31 December 2023 (the "Term"): Digital UK Limited (a joint venture between ITV, BBC and Channel 4 that runs the DTT operations of Freeview); and DTV Services Limited (a joint venture between ITV, BBC, Channel 4 and Sky that markets Freeview). ITV (through certain of its subsidiary undertakings) has been a member of the Ventures since 2005.
Pursuant to these new funding arrangements, ITV, BBC and Channel 4 have each committed to contribute £19,089,000 to the Ventures during the Term. These arrangements do not represent a material increase to the existing funding obligations of ITV to the Ventures.
For further enquiries please contact:
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Investor Relations Pippa Foulds Faye Dipnarine
Media Relations Paul Moore Jenny Cummins |
+44 7778 031097 +44 20 7157 6581
+44 7860 794444 +44 7595 106670 |
LEI for ITV plc - ZLECI7ED2QMWFGYCXZ59
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