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Result of Partial Offer and Directors' Dealings

31st Mar 2009 16:01

RNS Number : 8452P
Entertainment One Ltd
31 March 2009
 



31 March 2009 

Entertainment One Ltd. (the "Company")

Update on result of Partial Offer and Directors' Dealings

It was announced on 27 March 2009 that the partial offer made by Marwyn Neptune Fund L.P. ("Marwyn") to acquire up to 27 million ordinary shares at a cash price of 12.5p per share (the "Partial Offer") had closed and been declared unconditional in all respects.
 
Under the terms of the Partial Offer Marwyn reserved the right to enable management to acquire ordinary shares up to a maximum of £1 million. As a result, certain Directors have acquired 3,800,000 ordinary shares under the Partial Offer at a price of 12.5p per share and other management have acquired a further 1,620,000 ordinary shares. The interests of Marwyn and Directors who acquired shares under the Partial Offer are as follows:

 

 
Ordinary shares acquired under the Offer
 
Resultant
total number of ordinary shares held
 
% of issued ordinary share capital
Marwyn
21,580,000
57,766,889
44.4%
 
 
 
 
Darren Throop
2,680,000
4,205,000
3.2%
Robert Lantos*
1,120,000
1,120,000
0.9%
 
 
 
 

* - Robert Lantos also beneficially owns 2,563,349 Class S shares in the Company.

Enquiries:

Quiller Consultants

John Eisenhammer

+44 (0) 20 7233 9444

Entertainment One

Giles Willits

+44 (0) 20 7004 2755

Singer Capital Markets

James Maxwell

+44 (0) 20 3205 7500

Notes to Editors: 

Entertainment One Ltd. (AIM: ETO) is a leading independent entertainment content owner that acquires film, television and music rights and exploits these rights in all media in more than 190 countries. The company currently operates in Canada, the U.S., the UK, Holland and Belgium through its four primary businesses units: E1 Television, E1 Films, E1 Music and E1 Distribution. These businesses collectively represent E1's extensive expertise in film distribution, television and music production/distribution, Kids content, Licensing and Distribution. E1's content library includes more than 3,700 feature films, 2,700 hours of original television programming and 15,000 music tracks.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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