Radio Plymouth - Ofcom Licensing
Radio Plymouth - Ofcom Licensing
Radio Plymouth - Ofcom Licensing
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RADIO PLYMOUTH<br />
(b) Proposed Investing and Shareholding Structure<br />
The company will issue 548,500 shares valued at £1 each. This represents the £48,500 seedcorn<br />
already provided by investors to support our two trial broadcasts and the application costs, and a<br />
further £500,000 should we win the licence.<br />
Shareholder profile is as follows:<br />
Name No. of Shares Cost (£) Percentage<br />
Christine Gatehouse, <strong>Plymouth</strong> 10,970 10,970 2.0%<br />
Charles Howeson, <strong>Plymouth</strong> 10,970 10,970 2.0%<br />
Karen Stockdale, <strong>Plymouth</strong> 10,970 10,970 2.0%<br />
Phillip Schofield, Henley 27,425 27,425 5.0%<br />
Hugh Michelmore, <strong>Plymouth</strong> 27,425 27,425 5.0%<br />
Hugh Scully, Cornwall 54,850 54,850 10.0%<br />
Richard Bath, <strong>Plymouth</strong> 82,275 82,275 15.0%<br />
Paul Hussell, Totnes 93,245 93,245 17.0%<br />
David Rodgers, <strong>Plymouth</strong> 93,794 93,794 17.1%<br />
London Media Company 136,576 136,576 24.9%<br />
Full addresses have been supplied to <strong>Ofcom</strong> in confidence as have all shareholders ability to fund<br />
the above.<br />
There will be only one class of share, all equal and issued at the same price. A shareholders<br />
agreement is in place which includes pre-emption rights and a moratorium on the sale of shares,<br />
this is available for <strong>Ofcom</strong> should a copy be required.<br />
(c) Involvement of the Applicant in Specified Activities<br />
(a) Advertising agencies: None<br />
(b) Newspapers None :<br />
(c) Other broadcasting interests:<br />
London Media Company Ltd. (LMC) and its parent Sunrise <strong>Radio</strong> Limited are both existing<br />
<strong>Ofcom</strong> licensees. The following summarises the activities of these companies; further details<br />
can be provided if required.<br />
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