News: PRT Seven West Media Says Co Acquires 14.9% Interest In Prime Media

Dec 19 (Reuters) - Seven West Media Ltd (SWM)

• SEVEN WEST MEDIA ACQUIRES 14.9% INTEREST IN PRIME MEDIA
• SEVEN AND PRIME HAVE AGREED TO TERMINATE SCHEME IMPLEMENTATION DEED WITH EFFECT FROM CLOSE OF SHAREHOLDER MEETING
• NOTES ANNOUNCEMENT OF PRIME THAT SCHEME WAS NOT APPROVED BY REQUISITE MAJORITIES AT SHAREHOLDER MEETING OF PRIME
• AGREED TO ACQUIRE 54.6 MILLION SHARES IN PRIME FROM SPHERIA ASSET MANAGEMENT PTY LTD
• WILL ACQUIRE PRIME SHARES FROM SPHERIA IN EXCHANGE FOR ISSUE OF 30 MILLION NEW SHARES IN SEVEN
• NOTES ANNOUNCEMENT OF PRIME THAT SCHEME WAS NOT APPROVED BY REQUISITE MAJORITIES AT SHAREHOLDER MEETING OF PRIME