Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPWS.L Share News (PWS)

  • There is currently no data for PWS

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Pinewood to run Isle of Man film fund

Mon, 01st Oct 2012 07:52

Pinewood Shepperton, which owns the famous British film studio, has finalised a deal with the Isle of Man Treasury (IOMT) to manage a 25 million pound media development fund.The firm will advise on film investment opportunities for IOMT and undertake UK distribution activities for an initial period of five years.Pinewood will make money from the deal primarily through charging an annual management fee and earning a commission on films introduced by Pinewood in which the IOMT subsequently invests. The deal is subject to the thumbs up from the Financial Services Authority, which Pinewood expects to receive within the next few weeks. "This agreement is a further example of extending the reach of the Pinewood brand and builds on the company's successful Pinewood Films initiative to play a bigger role in UK independent film and television production," said Chief Executive Ivan Dunleavy.Analysts at Brewin Dolphin said the IOMT tie-up is a positive development. "Financially it is clearly accretive and strategically a further step in diversifying Pinewoods revenue stream, " said Brewin's Sahill Shan."Commentary on current trading is equally encouraging too. We maintain a Hold with a SOTP driven share price target of 262p."As part of the deal, Goodweather Investment Management - a member of the Peel Group - has agreed to sell 4.9m shares in the capital of Pinewood to IOMT at a price of 250p / share. This reduces Peel Holdings' equity stake in Pinewood by 9.9% to around 0.58%.
More News
20 Feb 2024 14:52

Director dealings: Pinewood Technologies CEO sells shares

(Sharecast News) - Pinewood Technologies revealed on Tuesday that chief executive William Berman had disposed of 1.46m shares in the London-listed management software solutions provider.

Read more
4 Oct 2016 10:55

CORRECT: Pinewood Shares To Delist From AIM At End Of Tuesday (ALLISS)

Read more
19 Sep 2016 15:05

UK Shareholder Meetings Calendar - Next 7 Days

Read more
13 Sep 2016 08:51

UPDATE 1-Activist hedge fund Crystal Amber sees post-Brexit vote opportunities

* Says boards may be more open to engaging with activists * Amber Capital's most profitable trade filmmaker Pinewood Group (Adds background, quote, investments) By Maiya Keidan LONDON, Sept 13 (Reuters) - Hedge fund Crystal Amber Fund Ltd on Tuesday said Britain's vote to leav

Read more
25 Aug 2016 15:05

UK Dividends Calendar - Next 7 Days

Read more
28 Jul 2016 09:43

Pinewood, home to James Bond, to be sold for 323 million pounds

LONDON, July 28 (Reuters) - The owner of Britain's Pinewood Studios, home of the world's most famous fictional special agent James Bond, is set to be sold to a real estate fund for 323 million pound ($423 million), it said on Thursday. Synonymous for many Britons with the heyday of British

Read more
28 Jul 2016 08:33

BROKER RATINGS SUMMARY: Liberum Downgrades Glencore To Sell

Read more
11 Jul 2016 12:20

Pinewood's FY revenue rises as it says it won't be affected by Brexit

(ShareCast News) - Film and TV studio Pinewood, home to Bond's Spectre and Star Wars: The Force Awakens, reported an increase in full year revenue as it completed part of is development programme and said it does not expect to be affected by Brexit. Group revenue increased 10.9% to £83.2m for the ye

Read more
11 Jul 2016 08:01

Pinewood Confident On Outlook As Profit And Revenue Rise

Read more
4 Jul 2016 15:16

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more
27 Jun 2016 08:12

Waterman Secures Contracts To Assist With Two Thameside Developments

Read more
10 Feb 2016 12:21

Pinewood still growing as it mulls possible sale

(ShareCast News) - Pinewood Studios was holding steady on its growth trajectory in the second half of the year, as the company revealed it was undergoing a strategic review that could lead to its sale. The AIM-traded media company said that, since the publication of interim results on 1 December 201

Read more
10 Feb 2016 10:35

WINNERS & LOSERS SUMMARY: Roxanne Labs Revenue Miss Hits Hikma Shares

Read more
10 Feb 2016 09:49

UPDATE: Pinewood Mulls Selling Company As Results Expectations Rise

Read more
10 Feb 2016 09:26

Pinewood Group, studio home of James Bond, could be put up for sale

LONDON, Feb 10 (Reuters) - Pinewood Group, owner of the British studio where James Bond is filmed, said the firm could be sold as it looks to boost shareholder value and help the company grow. Pinewood, which has a market capitalisation of more than 250 million pounds ($362.23 million), sai

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.