9 Jul 2010 16:39
| Date: | 9 July 2010 |
| On behalf of: | Entertainment One Ltd. ('the Company', or 'the Group') |
| For immediate release | |
Entertainment One Ltd.
Cayman Court Scheme of Arrangement Sanction
Entertainment One Ltd. ("the Company") is pleased to announce that it has received a final Cayman Court Order sanctioning the scheme of arrangement previously approved by shareholders at a meeting held on 28 June 2010.
The scheme of arrangement is expected to become effective at 5pm BST on 14 July 2010, following which the place of incorporation of the ultimate parent holding company of the Entertainment One group of companies will change from the Cayman Islands to Canada, and all of the ordinary shares of the Company will be exchanged for an equal amount of common shares of Entertainment One Ltd., a newly incorporated Canadian company ("Entertainment One Canada").
Following the scheme becoming effective, it is expected that at 8am BST on 15 July 2010 the common shares of Entertainment One Canada will be admitted to the Official List and to trading on the London Stock Exchange's main market for listed securities.
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For further information, please contact:
Redleaf Communications
Emma Kane / Rebecca Sanders-Hewitt
Tel: +44 (0)20 7566 6700
Email: eone@redleafpr.com
Entertainment One
Giles Willits (CFO)
Tel: +44 (0)20 7907 3783
Email: gwillits@e1ent.com
Singer Capital Markets Limited Cenkos Securities PLC
(Nomad and Joint Broker) (Joint Broker)
James Maxwell / Richard Savage Stephen Keys / Beth McKiernan
Tel: +44 (0)20 3205 7500 Tel: +44 (0)20 7397 8926
About Entertainment One
Entertainment One (AIM: ETO) is a leading international independent entertainment group of companies that specialises in the acquisition, production and distribution of film and television content. The Group's comprehensive network extends around the globe including Canada, the U.S., the UK, Ireland, the Benelux, France, Australia and New Zealand. Through established Entertainment and Distribution divisions, the company provides extensive expertise in film distribution, television and music production, kids programming and merchandising and licensing. Its current rights library is exploited across all media formats and includes more than 20,000 film and television titles, 2,400 hours of television programming and 45,000 music tracks.