Shareholder Action Group Overview 
On 26th April 2007, World Television PLC disclosed it’s first full year of operational profitability, and shocked the market by announcing that the directors had effectively handed control of the company to a concert party (a single group of large shareholders) - and intended to de-list from AIM - leaving thousands of private investors high and dry with no open market for their shares.
Blaming the de-listing on AIM itself, the directors claimed that the market had valued the company wrongly and that the Stock Exchange did not provide sufficient liquidity for the needs of the shareholders. We believe the truth is different, and can be easily demonstrated.
The World Television PLC Shareholders Action Group represents the interests of private investors who have lost money as a result of the actions and inactions of the directors of World Television PLC and it’s predecessor Virtue Broadcasting PLC. It is open to any shareholder, past or present, who wishes to examine the legal and regulatory routes available to limit and recover the losses they have suffered.
Since 26th April we have been overwhelmed by pledges of support we have received from private shareholders both large and small. The commitment we have witnessed tells us that if we act as one, and act quickly, there is every chance that we can fulfil our aims.
Please consider joining us today - or, if you simply want to discuss the situation at World Television PLC or ask a question, you are free to join our public forums.
16 February 2008
Statement to
WTVSAG Members
Following an
initial meeting between Steve Garvey and a representative of the SAG I am
pleased to say that both parties are now communicating in a positive and
constructive manner, and initial plans have been made that will support this
going forwards.
In addition to
the financial calendar that the company has been forthcoming with, which is over
and above current regulatory requirements, there is also an opportunity for one
of three agreed SAG representatives to meet with the company, in order to be
kept abreast of company progress and allow opinions and views of SAG members to
be shared with the company.
The SAG
representatives involved will do their best to ensure as much information as
possible is relayed to SAG members, whilst working within the limits that were
agreed with the company and that preside ordinarily. We hope SAG members understand that much of
this information can only be made public by way of the company announcements and
meetings that feature on the WTV financial calendar.
This is a very
positive step for both groups and I hope that going forwards discussions
surrounding WTV can focus on company performance and the industry in which it
operates.
WTVSAG