Rns...29 Oct 2013 10:35
29 October 2013
Eros International PLC
('Eros" or "the Company")
Eros International PLC Announces Proposed U.S. Initial Public Offering
London, 29th October, 2013: Eros International PLC, a leading global company in the Indian film entertainment industry, announces it has commenced its proposed U.S. initial public offering of 12,500,000 A ordinary shares (the "Offering") pursuant to a registration statement filed with the U.S. Securities and Exchange Commission (the "SEC"). The estimated initial public offering price is between US$ 15 and US$ 17 per A ordinary share. In the Offering, the Company will offer 7,812,500 A ordinary shares, and another 4,687,500 A ordinary shares will be offered by certain selling shareholders. The underwriters will be granted a 30-day option to purchase up to 468,750 additional A ordinary shares from the Company and 1,406,250 additional A ordinary shares from the selling shareholders to cover overallotments, if any. The Company has applied to list its A ordinary shares on the New York Stock Exchange under the ticker symbol "EROS."
The price range reflects the Company's proposed 1-for-3 consolidation of its existing ordinary shares in connection with the Offering and proposed listing on the New York Stock Exchange. Deutsche Bank, BofA Merrill Lynch, UBS Securities LLC, Jefferies LLC and Credit Suisse Securities (USA) LLC are acting as Bookrunners in relation to the Offering.
The Offering will be made only by means of a prospectus. When available, copies of the preliminary prospectus relating to the Offering may be obtained from: Deutsche Bank Securities Inc., Attn: Prospectus Department, 100 Plaza One, Jersey City, NJ 07311, via email at prospectus.cpdg@db.com, or via telephone at +1 800-503-4611; from BofA Merrill Lynch, Attn: Prospectus Department, 222 Broadway, New York, NY 10038, or via email at dg.prospectus_request@baml.com; from UBS Securities LLC, Attention: Prospectus Department, 299 Park Avenue, New York, NY 10171, or via telephone at +1 888-827-7275; from Jefferies LLC, 520 Madison Avenue, 12th Floor, New York, NY, 10022, Attention: Equity Syndicate Prospectus Department, by calling (877) 547-6340 or by emailing Prospectus_Department@Jefferies.com; or from Credit Suisse Securities (USA) LLC, Credit Suisse Prospectus Department, One Madison Avenue, New York, NY 10010.
A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful, prior to registration or qualification under the securities laws of any state or jurisdiction.
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