Purchase of Own Shares and Directors' Dealings


 

TIDMBRST 
 
RNS Number : 6433Z 
Burst Media Corporation 
25 September 2009 
 

25 September 2009 
 
 
Burst Media Corporation ("Burst" or the "Company") 
 
 
Purchase of own shares and directors' dealings 
 
 
On 24 September 2009, the Company announced its intention to repurchase for 
cancellation Burst common shares of US$0.01 each ("Burst Shares") with an 
aggregate market value of up to US$500,000. 
 
 
The Company announces that on 24 September 2009 it purchased a total of 
2,500,000 Burst Shares at a price of 12 pence per share. The authority granted 
by the Board for the Company to repurchase Burst Shares has been fully utilised 
and the Company does not intend to make further repurchases at the current 
time. 
 
 
It is intended that the 2,500,000 Burst Shares repurchased by the Company will 
be cancelled. Following cancellation of these shares, Burst will have 68,128,562 
common shares of US$0.01 each in issue. 
 
 
On 24 September 2009, certain directors of the Company also purchased Burst 
Shares, details of which are set out below: 
 
 
+------------------+------------------+------------------+------------------+ 
| Director         |  Number of Burst |   Price paid per |  Number of Burst | 
|                  | Shares purchased |            share |      Shares held | 
|                  |                  |                  |        following | 
|                  |                  |                  |         purchase | 
+------------------+------------------+------------------+------------------+ 
| James Garrity    |           35,000 |              12p |           35,000 | 
+------------------+------------------+------------------+------------------+ 
| David Hanger     |           50,000 |              12p |          300,000 | 
+------------------+------------------+------------------+------------------+ 
| Steven Hill      |           50,000 |              12p |          150,000 | 
+------------------+------------------+------------------+------------------+ 
| David Stein      |          500,000 |              12p |       10,668,200 | 
+------------------+------------------+------------------+------------------+ 
 
 
Enquiries: 
 
 
+------------------------------------+------------------------------------+ 
| Burst Media Corporation            |                                    | 
+------------------------------------+------------------------------------+ 
| Jarvis Coffin, Chief Executive     | Tel: +1 781 852 5271               | 
| Steve Hill, Chief Financial        |                                    | 
| Officer                            |                                    | 
+------------------------------------+------------------------------------+ 
|                                    |                                    | 
+------------------------------------+------------------------------------+ 
| Altium                             |                                    | 
+------------------------------------+------------------------------------+ 
| Tim Richardson / Paul Chamberlain  | +44 (0) 20 7484 4040               | 
+------------------------------------+------------------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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Burst Media Corporation (LSE:BRST)
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