DCL report to Stock Exchange about share sale | radioinfo

DCL report to Stock Exchange about share sale

Thursday 25 September, 2003

The latest sale of DCL stock is not a 'related party transaction' according to an expert assessment for the Australian Stock Exchange.

The report says the sale of stock for over a million dollars to Communicado Communications is "fair and reasonable" to other stock holders.

The station will hold a General Meeting on October 20th to report the finding to shareholders and assure them that they are not being disadvantaged by this proposed sale.

Shareholders will be asked to approve or veto the sale.

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