Smaller Related Party Transaction

RNS Number : 0131V

ITV PLC

09 April 2021

 

ITV plc

SMALLER RELATED PARTY TRANSACTION

This disclosure is being made in accordance with Listing Rule 11.1.10 R due to the fact that ITV plc ("ITV") is entering into a transaction with the BBC, which is deemed to be a related party of ITV under the Listing Rules.

ITV, BBC and Channel 4 have agreed new funding arrangements for the following existing ventures (the "Ventures") for the three year period ending 31 December 2023 (the "Term"): Digital UK Limited (a joint venture between ITV, BBC and Channel 4 that runs the DTT operations of Freeview); and DTV Services Limited (a joint venture between ITV, BBC, Channel 4 and Sky that markets Freeview).  ITV (through certain of its subsidiary undertakings) has been a member of the Ventures since 2005. 

Pursuant to these new funding arrangements, ITV, BBC and Channel 4 have each committed to contribute £19,089,000 to the Ventures during the Term.  These arrangements do not represent a material increase to the existing funding obligations of ITV to the Ventures.

For further enquiries please contact:

Investor Relations Pippa Foulds Faye Dipnarine Media Relations Paul Moore Jenny Cummins

[phone] [phone] [phone] [phone]

LEI for ITV plc - ZLECI7ED2QMWFGYCXZ59

 

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