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JumpTV CEO, Chairman and Two Directors Purchase JumpTV Shares
TORONTO -- (MARKET WIRE) -- 11/22/07 --
the “Company”) (AIM: JTV) (TSX: JTV) announces that on November 21, 2007, the
Company’s chief executive officer, executive chairman and two members of the
board of directors purchased shares of JumpTV stock.
* Jordan Banks, chief executive officer, purchased 125,000 common shares at
an average price of Cdn $1.90 and now holds a total of 125,000 common shares
representing 0.3% of the issued share capital of the Company.
* G. Scott Paterson, executive chairman, purchased 125,000 common shares at
an average price of Cdn $1.90 and now holds a total of 5,344,990 common shares
representing 10.85% of the issued share capital of the Company.
* Mark Amin, director, purchased 50,000 common shares at an average price of
Cdn $1.95 and now holds a total of 320,000 common shares representing 0.6% of
the issued share capital of the Company.
* James McNamara, director, purchased 100,000 common shares at an average
price of Cdn $1.95 and now holds a total of 100,000 common shares representing
0.2% of the issued share capital of the Company.
* Mr. Paterson’s spouse and two of his children recently acquired a total of
15,000 shares at an average price of $2.10 per share and they now hold a total
of 100,000 common shares representing 0.2 % of the issued share capital of the
Company. Mrs. Paterson makes her own investment decisions for herself and the
children.
JumpTV also announces, pursuant to AIM disclosure requirements, that in
connection with the Company’s announced normal course issuer bid, which
commenced on Thursday, August 23, 2007, that on November 21, 2007 the Company
acquired 125,000 common shares at an average price of Cdn $1.90 per share. The
shares purchased will be cancelled and the number of common shares outstanding
as at today’s date, giving effect to this cancellation, is 49,245,395.
Enquiries:
G Scott Paterson,
Executive Chairman
Tel: 416-368-6464
paterson@jumptv.com
Chris Bowman/Andrew Chubb
Canaccord Adams Limited
+44 207 050 6500