asx announcement pushing price up

quoted from ASX announcement
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"31 March 2009
ASX RELEASE / MEDIA RELEASE
Macquarie Media Group ®1 – Buy-Back Program Update
As previously announced, Macquarie Media Group (“MMG”) is intending to conduct a buy-back
program capped at the lesser of 86,956,521 MMG securities and approximately A$50m of MMG
securities (“Buy-Back Program”). Security holders are entitled to vote on the proposed Buy-Back
Program at the extraordinary general meeting (“EGM”) that has been called for 14 April 2009. The
notices of meeting for the EGM were released to the Australian Securities Exchange (“ASX”) on 5
March 2009.
The Buy-Back Program will comprise an off-market buy-back tender (“Buy-Back Tender”)
targeting approximately $25 million worth of MMG securities, followed by an on-market buy-back.
Under the Buy-Back Tender, eligible security holders will be invited to tender MMG securities
owned on the Buy-Back Tender record date (8 April 2009) at any of the specified prices in the
tender range, or via a final price tender (which is a tender at the final buy-back price determined
by the MMG independent directors through the tender process).
The MMG independent directors have today determined that the tender range for the Buy-Back
Tender will be $0.85 - $1.50 (inclusive) with tenders permitted at $0.05 increments in that range.
Subject to the approval of security holders at the EGM on 14 April 2009, the Buy-Back Tender is
expected to open at 9.00am (Sydney time) on 15 April 2009 and close at 7.00pm (Sydney time)
on 1 May 2009. The final buy-back price, the number of securities being bought back, and any
scale back will be announced to ASX on 4 May 2009.
Full details of the Buy-Back Tender will be provided in a booklet which will be mailed to eligible
security holders on or around 15 April 2009."


" Key Dates
2 April 2009 Ex-entitlement date. MMG securities acquired on ASX on or after this date
generally will not be registered by the Buy-Back Tender record date and
therefore will not confer an entitlement to participate in the Buy-Back
Tender.
8 April 2009 Buy-Back Tender record date. Determination of eligible security holders
entitled to participate in the Buy-Back Tender.
14 April 2009 MMG security holder approval sought for the Buy-Back Program at the
EGM.
15 April 2009 Tender period opens at 9.00am (Sydney time).
1 May 2009 Closing date. Tenders must be received by no later than 7.00pm (Sydney
time).
4 May 2009 Buy-back date. Announcement of the buy-back price, the number of MMG
securities being bought back and any scale back.
8 May 2009
Buy-Back Tender proceeds dispatched to successful participants either by
cheque or by direct credit to their nominated account.
Note: MMG may change any of the dates above by making an announcement to ASX."