2nd Mar 2018 16:57
Date: 2 March 2018On behalf of: Entertainment One Ltd. ("eOne" or the "Company")
Entertainment One Ltd.
Completion of Acquisition
Following the announcement on 27 February 2018 that the Company's shareholders had approved the proposed acquisition of the balance of equity interests of Deluxe Pictures, d/b/a The Mark Gordon Company not already held by eOne (the "Acquisition"), eOne is pleased to announce that the Acquisition has now completed.
As previously announced by the Company, part of the consideration for the Acquisition will be satisfied by the issue of 10,826,566 new common shares of no par value in the Company (the "Consideration Shares") to The Mark R. Gordon Revocable Trust. Applications have been made for the Consideration Shares to be admitted to a premium listing on the Official List and to trading on the London Stock Exchange's Main Market for listed securities (together, "Admission"). It is expected that Admission will take place at 8.00 a.m. on 5 March 2018.
Total voting rights
Following Admission becoming effective, the Company's issued share capital will consist of 460,037,623 common shares with voting rights. Therefore, the total number of voting rights in the Company will be 460,037,623 . This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules
Enquiries: | ||
Alma PR | Rebecca Sanders-Hewett Susie Hudson | +44 (0)20 3865 9667 |
Entertainment One Ltd. | Joe Sparacio Patrick Yau | +44 (0)20 3714 7931 |
Notes to Editors:
About Entertainment One
Entertainment One Ltd. (LSE:ETO) is a global independent studio that specialises in the development, acquisition, production, financing, distribution and sales of entertainment content. The Company's diversified expertise spans across film, television and music production and sales, family programming, merchandising and licensing, and digital content. Through its global reach and expansive scale, powered by deep local market knowledge, the Company delivers the best content to the world.
Entertainment One's robust network includes film and television studio The Mark Gordon Company; content creation venture Amblin Partners with Steven Spielberg, DreamWorks Studios, Participant Media, and Reliance Entertainment; newly-launched MAKEREADY with Brad Weston; leading feature film production and global sales company Sierra Pictures; unscripted television production company Renegade 83; world-class music labels Dualtone Music Group and Last Gang; and award-winning digital agency Secret Location.
The Company's rights library, valued at US$1.7 billion (as at 31 March 2017), is exploited across all media formats and includes around 80,000 hours of film and television content and around 40,000 music tracks.
www.entertainmentone.com
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Entertainment One