Regional broadcaster Prime Media Group Ltd has entered a trading halt while it considers capital management initiatives.
"A trading halt is necessary as Prime expects to make an announcement in relation to capital management initiatives," the company said in a statement on Monday.
Prime requested that the trading halt continue until the opening of trade on Friday, unless it requests the halt be lifted before that time.
The Canberra-based company, which commenced as a free-to-air television broadcaster before diversifying into radio and digital media, sources its revenues from advertising and the production of commercial ads.
Prime trading halt
Sunday, March 22, 2009 | Labels: Radionews |
Regional broadcaster Prime Media Group Ltd has entered a trading halt while it considers capital management initiatives.
"A trading halt is necessary as Prime expects to make an announcement in relation to capital management initiatives," the company said in a statement on Monday.
Prime requested that the trading halt continue until the opening of trade on Friday, unless it requests the halt be lifted before that time.
The Canberra-based company, which commenced as a free-to-air television broadcaster before diversifying into radio and digital media, sources its revenues from advertising and the production of commercial ads.
"A trading halt is necessary as Prime expects to make an announcement in relation to capital management initiatives," the company said in a statement on Monday.
Prime requested that the trading halt continue until the opening of trade on Friday, unless it requests the halt be lifted before that time.
The Canberra-based company, which commenced as a free-to-air television broadcaster before diversifying into radio and digital media, sources its revenues from advertising and the production of commercial ads.
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