SOURCE: JumpTV Inc.

November 22, 2007 11:52 ET

JumpTV CEO, Chairman and Two Directors Purchase JumpTV Shares

TORONTO--(Marketwire - November 22, 2007) - JumpTV Inc. (“JumpTV” or the “Company”) (AIM: JTV) (TSX: JTV) announces that on November 21, 2007, the Company’s chief executive officer, executive chairman and two members of the board of directors purchased shares of JumpTV stock.

* Jordan Banks, chief executive officer, purchased 125,000 common shares at an average price of Cdn $1.90 and now holds a total of 125,000 common shares representing 0.3% of the issued share capital of the Company.

* G. Scott Paterson, executive chairman, purchased 125,000 common shares at an average price of Cdn $1.90 and now holds a total of 5,344,990 common shares representing 10.85% of the issued share capital of the Company.

* Mark Amin, director, purchased 50,000 common shares at an average price of Cdn $1.95 and now holds a total of 320,000 common shares representing 0.6% of the issued share capital of the Company.

* James McNamara, director, purchased 100,000 common shares at an average price of Cdn $1.95 and now holds a total of 100,000 common shares representing 0.2% of the issued share capital of the Company.

* Mr. Paterson’s spouse and two of his children recently acquired a total of 15,000 shares at an average price of $2.10 per share and they now hold a total of 100,000 common shares representing 0.2 % of the issued share capital of the Company. Mrs. Paterson makes her own investment decisions for herself and the children.

JumpTV also announces, pursuant to AIM disclosure requirements, that in connection with the Company’s announced normal course issuer bid, which commenced on Thursday, August 23, 2007, that on November 21, 2007 the Company acquired 125,000 common shares at an average price of Cdn $1.90 per share. The shares purchased will be cancelled and the number of common shares outstanding as at today’s date, giving effect to this cancellation, is 49,245,395.

Contact Information


  • Enquiries:

    G. Scott Paterson
    Executive Chairman
    JumpTV Inc.
    +1-416-368-6464
    Email Contact

    Chris Bowman/Andrew Chubb
    Canaccord Adams Limited
    +44 207 050 6500