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4 Jul 2017 07:00
Date: 4 July 2017On behalf of: Entertainment One Ltd. (the 'Company')Embargoed until: 0700 hours
Entertainment One Ltd.
Application for Additional Listing
Entertainment One Ltd. announces that application has been made to the Financial Conduct Authority and the London Stock Exchange for the listing of 778,516 common shares of no par value each in the capital of the Company (the 'Shares') to be admitted to the Official List and to trading on the London Stock Exchange.
The Shares will be issued to satisfy additional consideration in relation to the Group's acquisition of Renegade 83 (as announced on 24 March 2016) and will rank pari passu in all respects with the existing issued common shares of the Company.
As outlined in the original announcement, the additional consideration is linked to the EBITDA performance of Renegade 83 to 31 December 2016. The LA-based production company had a strong year and that momentum has continued into 2017 with the ongoing success of established shows such as Naked and Afraid XL, upcoming shows such as VH1's Scared Famous, and a number of new series in the pipeline.
Admission of the Shares is expected to be effective on 6 July 2017.
Enquiries:
| ||
Redleaf Communications | Rebecca Sanders-Hewett David Ison
| +44(0)20 7382 4730 eOne@redleafpr.com |
Entertainment One Ltd. | Patrick Yau | +44 (0)20 3714 7931 |
Notes to Editors:
About Entertainment One
Entertainment One Ltd. (LSE:ETO) is a global independent studio that specialises in the development, acquisition, production, financing, distribution and sales of entertainment content. The Company's diversified expertise spans across film, television and music production and sales, family programming, merchandising and licensing, and digital content. Through its global reach and expansive scale, powered by deep local market knowledge, the Company delivers the best content to the world.
Entertainment One's robust network includes film and television studio The Mark Gordon Company; content creation venture Amblin Partners with Steven Spielberg, DreamWorks Studios, Participant Media, and Reliance Entertainment; newly-launched MAKEREADY with Brad Weston; leading feature film production and global sales company Sierra Pictures; unscripted television production company Renegade 83; world-class music labels Dualtone Music Group and Last Gang; and award-winning digital agency Secret Location.
The Company's rights library, valued at US$1.5 billion (as at 31 March 2016), is exploited across all media formats and includes more than 100,000 hours of film and television content and approximately 40,000 music tracks.
www.entertainmentone.com
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