The Board believes that given eOne's profile, a Premium Listing is the most appropriate listing category for its Common Shares and will assist in increasing the profile of the Company, providing it with exposure to a wider potential investor base and enhancing the liquidity of the Common Shares. The FTSE Nationality Committee, which determines eligibility for the FTSE UK Index Series, is scheduled to next meet on 13 August 2013. It is anticipated that, subject to the Transfer becoming effective and other conditions being met, the Company will be considered for inclusion into the FTSE UK Index Series, which includes FTSE 100, FTSE 250 and FTSE All Share indices. This would further enhance the Company's profile and access to a wider potential investor base. Accordingly, the Board has concluded that it is in the best interests of the Company and its shareholders as a whole to transfer to a Premium Listing and to implement the proposed amendments to the Company's Articles, as described below. The Company has therefore requested that the UK Listing Authority approve the Transfer with effect from 8.00 a.m. on 1 July 2013. As at 22 May 2013, the Company had 273,619,314 Common Shares in issue.
Hopefully onto the FTSE
Notifiction of Transfer to Premium Listing. See:___http://www.investegate.co.uk/entertainment-one--eto-/rns/notification-of-transfer-to-premium-listing/201305230700303797F/
Investec Reiterates Buy with a 225.00p Target today 21 May 2013.
Some predicted profit taking from the recent weeks rise, but I suspect new buyers will jump in and we should see a rise over today's start in due course ! I' ve topped up.
"It has been a very positive year for Entertainment One and I am delighted to report another strong set of results. This clearly demonstrates the strength of our strategy of investing in world-class content and exploiting our distribution rights on a multi-territory, multi-platform basis. The successful acquisition and integration of Alliance has been a particular highlight of the year. Our application to transfer to the premium listing segment and intention to adopt a progressive dividend policy will enable us to drive value for our shareholders."
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