Thursday 16th June 2022 |
Text too small? |
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
No comments yet
Fonterra appoints permanent COO
Manawa Energy FY24 Annual Results & Webcast Details
Seeka Provides the Results of Meeting - ASM
April 19th Morning Report
PGW Guidance Update
CNU - Commerce Commission releases draft expenditure decision
Spark announces departure of Product Director
TGG - T&G appoints new Director
April 18th Morning Report
SKC - APPOINTMENT OF CHIEF EXECUTIVE OFFICER