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SKY NETWORK TELEVISION LIMITED. — M&A Activity 2022
Jun 15, 2022
65806_rns_2022-06-16_ba05276c-695f-4f88-8fb4-d601256bdfd2.pdf
M&A Activity
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Sky New Zealand PO Box 9059 Newmarket Auckland 1149 New Zealand
10 Panorama Road Mt Wellington Auckland 1060 New Zealand
15 June 2022
T. +64 9 579 9999 sky.co.nz
Sky not proceeding with MediaWorks acquisition
Further to its announcement on 7 June prompted by media speculation, Sky Network Television Limited (NZX/ASX: SKT, or Sky) advises that it has ceased discussions to evaluate the possible acquisition of MediaWorks Holdings Limited.
As previously communicated, in parallel with its evaluation of potential investment opportunities, Sky has been exploring options to return capital to shareholders and accelerate organic investment in the business to drive further growth.
Sky will update shareholders on its capital management plan no later than the time of the Company’s Full Year Results announcement on 25 August 2022. Sky remains committed to restoring regular dividend payments, having returned to revenue growth and achieving sustainable levels of free cash flow.
Ends
Authorised by James Bishop, Company Secretary
| Investor enquiries, please contact: | Media enquiries, please contact: |
|---|---|
| James Bishop | Chris Major |
| Company Secretary | Chief Corporate Affairs Officer |
| 021 630 635 | 029 917 6127 |
| [email protected] | [email protected] |
Investors may also submit queries to: [email protected]