JumpTV's Directors' Issued Shares in Lieu of Cash Compensation
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TORONTO, Jan 22 (MARKET WIRE) --
Jump TV Inc. ("JumpTV" or the "Company") (TSX: JTV) (AIM: JTV) announces
that, on January 16, 2008, the following directors were issued common shares of
no
par value in the capital of the Company ("Common Shares") pursuant to JumpTV's
Directors' Compensation Plan through which the non-executive directors receive
at
least 50 percent of their compensation in the form of shares.
James McNamara received 1,364 Common Shares; Mark Amin received 933 Common
Shares; Curt Marvis and Lorne Abony each received 682 Common Shares; and Gary
Slaight received 985 Common Shares. The price per share was CDN $2.18.
Each of the directors holds less than 1% of the issued and outstanding shares
of the Company.
In addition, during the period from May 31, 2006 to January 16, 2007 the
Company issued 645,022 Common Shares to certain employees and consultants as
they
vested under JumpTV's restricted share unit plan ("RSUP"). Application has been
made for the admission of all of the Common Shares noted above to trading on
AIM. The shares will rank pari passu with existing Common Shares and it is
expected that admission will occur on January 25, 2008.
Following admission of the new shares, the total issued share capital of the
Company will be 49,275,796 Common Shares, excluding 1,840,097 shares held in
escrow that are issuable based on the achievement of certain performance
criteria.
In addition, there are a maximum of 156,516 Common Shares remaining that may
be issued pursuant to the RSUP and the company has made a block admission
application in relation to the same which is expected to be in place from 28
January 2008.
Enquiries:
Lewis Goldberg
KCSA Worldwide
+1-212-896-1216
Email Contact
G. Scott Paterson
Executive Chairman
JumpTV Inc.
+1-416-368-6464
Email Contact
Chris Bowman
Andrew Chubb
Canaccord Adams Limited
+44 207 050 6500
Copyright 2008, Market Wire, All rights reserved.
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