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News: PRT Prime Media Group Appoints Peter Macourt As Interim Chairman

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    19/12/19
    12:20
    Post #: 42048850

    Dec 19 (Reuters) - Prime Media Group Ltd (PRT) :

    • APPOINTED PETER MACOURT AS INTERIM CHAIRMAN UNTIL SUCH TIME THAT A PERMANENT SUCCESSOR IS FOUND
    • PRIME BOARD CONFIRMS THAT NO SUPERIOR PROPOSAL HAS BEEN RECEIVED BY PRIME SINCE ANNOUNCEMENT OF SCHEME
    • AS AT DEC 19 INDEPENDENT EXPER HAS NOT CHANGED CONCLUSION THAT SCHEME IS NOT FAIR BUT REASONABLE & IN BEST INTERESTS OF SHAREHOLDERS
    • BASED ON PROXY RESULTS RECEIVED TO DATE, PRIME BOARD EXPECTS THAT SCHEME WILL NOT PROCEED
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