Halifax, NS – 18 December 2006 – DHX Media Ltd. (AIM & TSX ticker: “DHX”), a leading independent international producer and distributor of television programming and interactive content, announces that Steven DeNure and Neil Court, both executive directors of DHX Media, and John Delmage, a former shareholder of Decode Entertainment Inc., have increased their holdings in DHX Media as a result of electing to accept shares as partial payment for amounts owing to them in connection with the purchase of their interest in Decode Entertainment Inc. pursuant to the purchase agreement dated December 12th, 2005. Accordingly, the TSX has approved the private placement of 225,000 shares (“New Shares”) to be issued from treasury at the five day, volume weighted average price of $1.41.
The transaction increases the shareholdings of Mr. DeNure and Mr. Court by 100,000 shares each to 1,846,314 shares each, resulting in a holding of 5.6% of the issued common shares of the Company each. .The New Shares will be subject to a four month hold period. All other shares in DHX Media held by these individuals are subject to lock-in imposed as part of the Company’s initial listing of shares. The New Shares will rank pari passu with existing common shares and are expected to be admitted to AIM and listed on TSX on December 21, 2006.
For more information, please contact:
DHX Media Ltd.
Dana Landry – Chief Financial Officer
David A. Regan – Corporate Development & Investor Relations
AIM Nominated Advisors: Canaccord Adams Limited
Neil Johnson – Head of Corporate Finance
Erin Needra – Vice President, Corporate Finance
+44 (0) 20-7050-6500
About DHX Media Ltd.
DHX Media Ltd. is a leading international producer and distributor of television programming and interactive content with an emphasis on children, family and youth markets. DHX Media Ltd. shares trade on AIM and are listed on the TSX, the Toronto Stock Exchange. DHX Media’s production companies, Decode Entertainment and Halifax Film, are the producers or co-producers of 11 original television series or theatrical releases currently commissioned for production and maintain a growing library of over 1,100 half-hours of children and youth-oriented television productions. www.dhxmedia.com
Certain statements herein may constitute forward-looking statements, including those identified by the expressions ‘‘may,’’ ‘‘will,’’ ‘‘should,’’ ‘‘could,’’ ‘‘anticipate,’’ ‘‘believe,’’ ‘‘plan,’’ ‘‘estimate,’’ ‘‘potential,’’ ‘‘expect,’’ ‘‘intend’’ and similar expressions to the extent they relate to the Company or its Management. These statements reflect the Company’s current expectations and are based on information currently available to Management. These forward-looking statements are subject to a number of risks, uncertainties, assumptions and other factors that could cause actual results or events to differ materially from current expectations, including the matters discussed under ‘‘Risk Factors’’ contained in the Company’s prospectus dated May 12, 2006. These forward-looking statements are made as of the date hereof, and the Company assumes no obligation to update or revise them to reflect new events or circumstances.