REG-Grand Vision Media: Statement re Corporate Consolidation

Grand Vision Media HoldingsAnnouncement

09/06/2020 12:30

London, 9 June 2020

Grand Vision Media Holdings plc
( “GVMH” or the “Company”)

Corporate Consolidation

The directors of GVMH announce the following update.

The group has undertaken some consolidation of the group structure, which has
resulted in some intermediate holding companies, Grand Vision Communications
Limited and Billion Wise Investments Limited, being removed. These two
companies were non-trading holding companies, and therefore this change has no
effect on the group’s operations.

As part of this exercise, the two external minority shareholders of Grand
Vision Communications Ltd have decided to divest their respective holdings,
and have agreed to sell their shareholdings to the group for a nominal
consideration of US$1 each, following a decision by them to concentrate on
their other respective business interests. This has the result of removing the
minority interests in this part of the group only.

The Directors accept responsibility for this announcement.

For more information:

 Grand Vision Media Holdings plc     http://gvmh.co.uk/                                      
 Jonathan Lo, Director               Tel: +44 (0) 20 7866 2145 or info@gvmh.co.uk            
 Alfred Henry Corporate Finance Ltd                                                          
 Nick Michaels / Jon Isaacs          Tel: +44 (0) 20 3772 0021 or enquiries@alfredhenry.com  

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