TIDMITV

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 GBP19,089,000 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           +44 7778 031097 
  Faye Dipnarine         +44 20 7157 6581 
 
  Media Relations 
  Paul Moore             +44 7860 794444 
  Jenny Cummins          +44 7595 106670

LEI for ITV plc - ZLECI7ED2QMWFGYCXZ59

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(END) Dow Jones Newswires

April 09, 2021 07:31 ET (11:31 GMT)

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