TIDMSKY

RNS Number : 0407J

Sky PLC

23 June 2017

Conversion of V-Nova debt

Sky plc ("the Company")

In accordance with Listing Rule 10.4.1, the Company advises that in 2015, Sky's wholly-owned subsidiary, Sky Italia S.r.l, provided GBP4.5m of financing to V-Nova, a London-based company developing video compression technologies. Under the terms of the agreement, the outstanding debt has now been converted into a minority equity stake in V-Nova.

Notes to editors

   1.     References to V-Nova are to V-Nova International Limited 
   2.     Gross assets subject to the transaction were GBP4.5m 
   3.     Profits attributable to the assets subject to the transaction were GBPnil

ENDS

Analyst/ Investor Enquiries

Sky

Andrew Gillian

investor-relations@sky.uk / 020 7032 1762

Media Enquiries

Sky

Harrison Kelly

Harrison.Kelly@sky.uk / 0333 100 2333

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

June 23, 2017 09:44 ET (13:44 GMT)

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