Tuesday September 22, 2020

TVC to distribute €91m to shareholders, cancel listings

TVC Holdings will undertake a major €91 million capital distribution to its shareholders in July, it said this morning in a statement.

13th May, 2014
Shane Reihill: "We believe that this strategy is in the best interests of all our shareholders.”

TVC Holdings will undertake a major €91 million capital distribution to its shareholders in July, it said this morning in a statement.

Profit before tax for the year to the end of March jumped to €33.4 million, up from €6.6 million in the previous 12 months, according to preliminary financial results released this morning.

The improvement was driven by realised gains on disposal of investments, including almost half of its stake in UTV Media, and an...

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