27th Mar 2009 14:57
27 March 2009
Entertainment One Ltd. (the "Company")
Result of Partial Offer
It was announced on 6 March 2009 that Marwyn Neptune Fund L.P. ("Marwyn") was making a partial offer to existing shareholders to acquire up to 27 million ordinary shares at a cash price of 12.5p per share (the "Partial Offer").
The Partial Offer was conditional upon Marwyn receiving acceptances in respect of at least 1 million shares and the passing of a special resolution at an EGM of the Company to amend the articles of association of the Company to facilitate the Partial Offer.
An EGM of the Company was held yesterday at which a resolution to amend the articles of association was passed. The Partial Offer closed at 1.00pm today by which time valid acceptances had been received in respect of the full 27 million ordinary shares subject to the Offer. The Partial Offer has therefore become unconditional in all respects.
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.
Related Shares:
Entertainment One