BRIEF-SKY Network Television Signs Broadcast Deal With Certain Rugby Unions

Published 2019/10/13, 22:41
Updated 2019/10/13, 22:50
© Reuters.  BRIEF-SKY Network Television Signs Broadcast Deal With Certain Rugby Unions

Oct 14 (Reuters) - SKY Network Television Ltd SKT.NZ :

* REACHED AGREEMENT ON A BROADCAST DEAL WITH NEW ZEALAND, AUSTRALIAN, SOUTH AFRICAN AND ARGENTINIAN RUGBY UNIONS

* DEAL EXTENDS SKY'S EXISTING SANZAAR BROADCAST RIGHTS TO 2025

* ANTICIPATES BEING ABLE TO PROVIDE EARNINGS GUIDANCE AROUND TIME OF FEB 2020 INTERIM RESULTS

* FIVE-YEAR AGREEMENT INCLUDES NZR BECOMING A 5% SHAREHOLDER IN SKY

* NOW THAT CO HAS GREATER CERTAINTY ON OTHER KEY RIGHTS, IT IS WORKING DETAILS INTO ITS REVISED FORECASTS

* IF APPROVED, 5% STAKE UNDER AGREEMENT TO INVOLVE SKY ISSUING 21.8 MILLION SHARES TO NZR ON 1 NOV AS PART CONSIDERATION

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