Kismat FM - Ofcom Licensing

More documents

Recommendations

Info

Section 105(A): Ability To Maintain Proposed Service Kismat Radio (ii) If there are firm plans to appoint any further directors, provide information (with details of any specific individuals in mind). This information may be submitted in confidence. The company plans to appoint a Managing Director around six months after launch who will necessarily live and work within the coverage area. The board will therefore ultimately comprise four locally based directors alongside three shareholder representatives. 1. (b) PROPOSED INVESTORS AND SHAREHOLDING STRUCTURE Ownership Nadeem Mir Age: 47 Occupation Director of Finance, Sunrise Radio Group Other Media Interests See below Directorships Tristar Broadcasting Limited Time FM 107.5 Limited Time FM 106.8 Limited Time FM 107.3 Limited Yarr Radio Ltd Heathrow Financial Services Ltd (i) Full details of the proposed shareholding structure Sunrise Radio Ltd (100%) Sunrise House, Merrick Road, Southall UB2 4AU (ii) Total number, class/classes of shares and issue price 600,000 ordinary voting shares of £1 issued at par (iii) All voting shareholders Sunrise Radio Limited 600,000 ordinary voting shares of £1 issued at par Nadeem Mir is a qualified accountancy professional with a demonstrable record of success in highly competitive world-class companies, including five years as Head of Financial Accounting at Yell plc and three years as Deputy Chief Accountant at an ICL division. Nadeem’s skills cover all aspects of financial systems, control and process review. Part of the team at Yell plc that prepared it for its flotation, Nadeem joined Sunrise in early 2003 as its Finance Director. (iv) Outline any shareholders agreements or arrangements which exist. Sunrise Radio Limited has agreed that it will subscribe for the entire equity of Kismat Radio Limited. Sunrise Group has undertaken to provide sufficient funding to Kismat to meet its obligations in this respect. Sunrise Group has also agreed to provide short term financing through its group facilities, and administrative and commercial traffic scheduling functions (see letter from Sunrise). Section 105 (A): Page 5
Section 105(A): Ability To Maintain Proposed Service Kismat Radio Ownership (v) Where a corporate body other than a current Ofcom licensee will be providing 30% or more of the required funding, details should be given of its directors and main shareholder, and of its activities. SUNRISE RADIO LIMITED : Sunrise Group has operated as a successful and profitable ethnic broadcaster in the UK over 15 years. Its mainstay Sunrise Radio, broadcasting on the analogue 1458 AM frequency to Greater London, has also been available for much of its life on satellite (initially on the Astra satellite and latterly on the Sky platform). Kismat Radio will shortly launch in London utilising 1035AM previously used by Easy Radio London. The company has made a substantial commitment to and investment in digital radio, and operates six DAB services with its Sunrise format in Edinburgh, Glasgow, London, Birmingham, Coventry and Wolverhampton; and four under its new Yarr (Young Asian Radio) format in Bradford, Coventry, Wolverhampton and London. Through its majority shareholder the company also operates radio stations in Sri Lanka and Mauritius. The company also has a number of non-radio interests. Sunrise Group is ultimately controlled by Avtar Lit and other family interests. LONDON MEDIA COMPANY LIMITED : LMC was established in January 2004 as a wholly-owned subsidiary of Sunrise Radio Limited as the vehicle for its entry into mainstream English language broadcasting. LMC currently operates Time FM 106.8 in South East London, Time FM 107.3 covering the London boroughs of Lewisham and Southwark, Time FM 107.5 in Havering, and Star FM 106.6 serving Slough, Maidenhead and Windsor (shortly to be renamed Time FM 106.6) together with Easy Radio London on DAB. The company aims to extend its operations through successful application for new licences to be advertised by Ofcom and through further acquisition of stations that fit the profile of the Time brand. Sunrise Group and LMC are both current licensees of Ofcom. Current company businesses can be grouped into three areas as follows: Asian Broadcasting Sunrise Radio London Kismat Radio London Sunrise Radio (DAB) Edinburgh Glasgow London Birmingham Coventry Wolverhampton Yarr Radio (DAB) Bradford Coventry London Wolverhampton Sunrise Radio Limited English Broadcasting Star FM 106.6 Time FM 106.8 Time FM 107.3 Time FM 107.5 Easy Radio (DAB) Non Broadcast Business Metra Club & Bar Hayes Gate House Heathrow Financial Services Himalaya Events & Exhibitions Asian Rich List Section 105 (A): Page 6
Page 1 and 2: Kismat Radio KISMAT RADIO LIMITED A
Page 3 and 4: General Information Kismat Radio e)
Page 5 and 6: Section 105(A): Ability To Maintain
Page 7: Section 105(A): Ability To Maintain
Page 23 and 24: Section 105(B & C): Catering For Ta
Page 31 and 32: 06.00 to 10.00 10.00 to 13.00 13.00
Page 37 and 38: Kismat Section 105(D): Evidence Of

Kismat FM - Ofcom Licensing

Create successful ePaper yourself

Delete template?

Save as template?