15th Jul 2015 07:12
Date: 15 July 2015On behalf of: Entertainment One Ltd. ("the Company", "eOne")
Entertainment One Ltd.
Holdings in the Company and resignation of Director
The Company has been informed that Marwyn Value Investors L.P. ("Marwyn") has executed an agreement for the disposal of part of its shareholding in the Company, consisting of approximately 26.5 million common shares and representing approximately 9.0% of the Company's issued share capital. This disposal was effected by way of a placing of shares to institutional investors (the "Placing").
Following the Placing, Marwyn now holds approximately 52.9 million common shares in the Company, representing approximately 17.9% of the Company's issued share capital.
As a result of Marwyn's reduced shareholding, James Corsellis, who has represented Marwyn on eOne's Board since 2007, has agreed to step down from the Board of the Company with immediate effect.
Darren Throop, Chief Executive Officer, commented:"I would like to thank James Corsellis and Marwyn for their support in taking eOne from its original AIM listing to its current listing on the Main Market of the London Stock Exchange and its membership of the FTSE 250 UK Index Series, and look forward to Marwyn's continued support as an investor."
Enquiries:
| ||
Redleaf Polhill | Emma Kane/ Rebecca Sanders-Hewett
| +44(0)20 7382 4730
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Entertainment One Ltd. | Giles Willits/Patrick Yau
| +44(0)20 3714 7931 |
Notes to Editors:
About Entertainment One
Entertainment One Ltd. (LSE:ETO) is a leading international entertainment company that specialises in the acquisition, production and distribution of film and television content. The Company's comprehensive network extends around the globe including Canada, the US, the UK, Ireland, Spain, Benelux, France, Germany, Scandinavia, Australia, New Zealand, South Africa and South Korea.
Through established Film and Television Divisions, the Company provides extensive expertise in film distribution, television and music production, family programming, merchandising and licensing, and digital content. Its current rights library is exploited across all media formats and includes more than 40,000 film and television titles, 4,500 hours of television programming and 45,000 music tracks.
Further information is available at www.entertainmentone.com or email Redleaf Polhill at [email protected].
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