10th Jan 2008 15:41
Entertainment One Ltd10 January 2008 Entertainment One Ltd Acquisition of RCV Entertainment Entertainment One Ltd. ("Entertainment One" or the "Company"), the internationalindependent film and entertainment content business, today announces that theplacing of 2,898,552 Placing Shares of $C0.01 per share in the Company to fundpart of the consideration for the acquisition of RCV Entertainment B.V.announced yesterday and which rank pari passu in all respects with the existingEntertainment One Shares, is effective and trading commenced at 08.00 on 10January 2008. The total number of Entertainment One Shares in issue followingthe placing is 129,996,149. This figure may be used by shareholders indetermining whether they are required to notify the Company of their interest inshares in the Company as required by the Company's articles of association. For further information, please contact FinsburyFaeth Birch / Clare StrangeTel: +44 (0)20 7251 [email protected] / [email protected] Entertainment OneDarren Throop (CEO) Giles Willits (CFO)Tel: +1 (905) 282 7878 Tel: +44 (0)20 7004 [email protected] [email protected] Kaupthing Singer & Friedlander Capital Markets LimitedMarc Young/James MaxwellTel: +44 (0)20 3205 7624 About Entertainment One Ltd (LSE: ETO) Admitted to trading on AIM on 29 March 2007, Entertainment One Ltd.'s strategyis to build the leading international independent entertainment contentownership and distribution business which acquires films, television programsand music content and exploits these rights in all media throughout the world. Entertainment One is the largest distributor of home entertainment products inthe Canadian market and, following the acquisition of Seville Entertainment inCanada in August 2007, it also has a significant presence in the theatrical andinternational sales markets. Following the acquisition of Contender in July2007, Entertainment One also owns a leading independent UK distributor of filmedentertainment. Entertainment One significantly enhanced its film supply through a long termmulti-territory deal in September 2007 with Hollywood studio SummitEntertainment Inc. The company owns Koch Entertainment, the largest independent record label inNorth America and a leading independent distributor of music and video in theUnited States. About RCV RCV is a leading independent film distributor in the Dutch and Belgian markets.Its core business is the acquisition and exploitation of independent motionpictures in Holland and Belgium. RCV acquires and exploits motion picturesacross theatrical, home entertainment and TV broadcast release windows. RCV ownsa film library of approximately 1,900 titles, made up of predominantlyindependent Hollywood titles alongside local-language content. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Entertainment One