SMG Builds Scottish Radio Stake To 27.7%

SMG has announced yet another stake increase in Scottish Radio Holdings, taking its stake up to 27.7%. SMG has acquired a further 2.8% stake in SRH for £14.6 million, in two separate purchases: 644,000 shares on Monday and 275,000 yesterday.

All the shares were priced at 1,587˝p each, its closing price on Monday. SMG has been consistently increasing its holding in Scottish Radio, with two acquisitions made just last week (see SMG Continues To Build Scottish Radio Interest).

Scottish Media Group: 0141 300 3000 Scottish Radio Holdings: 0141 306 2242