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News: PRT Prime Media Group Updates Regarding Program Supply Agreement With Seven West Media

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    31/10/19
    18:40
    Post #: 41181274

    Oct 31 (Reuters) - Prime Media Group Ltd (PRT) :

    • REFERS TO RECENT MEDIA SPECULATION REGARDING PROGRAM SUPPLY AGREEMENT BETWEEN PRIME & SEVEN
    • PRIME CONFIRMS THAT PROGRAM SUPPLY AGREEMENT CONTAINS A CHANGE OF CONTROL PROVISION
    • SEVEN MAY TERMINATE PSA WHERE CHANGE OF CONTROL HAS OCCURRED IN RESPECT OF PRIME WITHOUT SEVEN'S PRIOR CONSENT
    • PARTIES CONTINUE TO WORK TOWARD IMPLEMENTATION OF SCHEME FOR PROPOSED ACQUISITION OF PRIME BY SEVEN
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