Cancellation from Trading on AIM
September 02 2009 - 1:19PM
UK Regulatory
TIDMDHX
RNS Number : 4390Y
DHX Media Ltd
02 September 2009
DHX MEDIA LTD
www.dhxmedia.com
Delisting from AIM
Halifax, Canada September 2, 2009 - DHX Media Ltd (AIM & TSX ticker: 'DHX')
('the Company' or 'DHX'), a leading independent international producer and
distributor of mainly children's television programming and interactive content,
announces that it will be delisting the Company's shares from the AIM market of
the London Stock Exchange plc ('AIM'). The Company's shares, however, will
continue to trade on the Toronto Stock Exchange.
The Company believes that the on-going costs and regulatory requirements of
maintaining a quotation on AIM can no longer be justified in view of the fact
that the vast majority of trading in its shares occurs on the Toronto Stock
Exchange.
Following the cancellation of admission to trading on AIM, the Company will
continue to be listed on the Toronto Stock Exchange and will continue to comply
with all accounting and regulatory requirements expected of a company of this
status. If shareholders wish to buy or sell shares on AIM, they must do so prior
to cancellation becoming effective at 7am on 1 October 2009. After that time,
shareholders may continue to hold their shares and trade such shares on the
Toronto Stock Exchange.
Enquiries:
DHX Media Ltd. +1 902 423
0260
David A. Regan - EVP, Corporate Development & IR
AIM Nominated Advisors:
Grant Thornton Corporate Finance +44 (0) 20 7383 5100
Gerry Beaney
Troy MacDonald
About DHX Media Ltd.
DHX Media Ltd. is a leading international producer and distributor of television
programming and interactive content with an emphasis on children, family and
youth markets. DHX Media Ltd. shares trade on AIM and are listed on the TSX, the
Toronto Stock Exchange. DHX Media's production companies, Decode Entertainment,
Halifax Film and Studio B Productions, are the producers or co-producers of 14
original television series and theatrical releases currently commissioned for
production and maintain a growing library of over 2,200 half-hours of mostly
children and youth-oriented television productions.
www.dhxmedia.com
Disclaimer
This press release contains forward looking statements with respect to the
Company. Although the Company believes that the expectations reflected in such
forward looking statements are reasonable, such statements involve risks and
uncertainties and are based on information currently available to the Company.
Actual results may differ materially from those expressed or implied by such
forward looking statements. Factors that could cause actual results or events to
differ materially from current expectations, among other things, include risks
related to market factors, customer contract interpretation, application of
accounting policies and principles, and production related risks, and other
factors discussed in materials filed with applicable securities regulatory
authorities from time to time including matters discussed under 'Risk Factors'
in the Company's short form prospectus dated November 7, 2007 and in the
Company's Amended Annual Information Form incorporated by reference therein.
These forward-looking statements are made as of the date hereof, and the Company
assumes no obligation to update or revise them to reflect new events or
circumstances.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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