17 Dec 2013 07:00
Date: 17 December 2013On behalf of: Entertainment One Ltd. ('the Company')Embargoed until: 0700
Entertainment One Ltd.
Exercise of warrants
Entertainment One Ltd. (the "Company") announces that Marwyn Value Investors LP ("Marwyn") has provided an irrevocable notice to the Company that, subject to certain conditions, it will exercise its warrants over 4,000,000 common shares of the Company at an exercise price of £1.00 per share on or before 28 February 2014. The exercise of the warrants is pursuant to the Marwyn Warrant, which lapses on 29 March 2014, as described in paragraph 18.7 of Part X (Additional Information) of the Company's prospectus published on 7 September 2012.
Marwyn currently owns 75,424,894 common shares in the Company, representing 26.5% of the Company's issued share capital. Once the Warrant Shares have been issued, Marwyn will own 79,424,894 common shares, representing 27.5% of the Company's issued share capital.
The Company will make an application for a listing of 4,000,000 common shares in due course. Once issued, the new common shares will rank pari passu in all respects with the Company's existing common shares.
Enquiries:
| ||
Redleaf Polhill | Emma Kane/ Rebecca Sanders-Hewett
| +44(0)20 7382 4730 eOne@redleafpr.com
|
Entertainment One Ltd. | Giles Willits
| Via Redleaf Polhill |
J.P. Morgan Cazenove | Hugo Baring/Virginia Khoo
| +44(0)20 7742 4000 |
Cenkos Securities plc | Stephen Keys
| +44(0)20 7397 8926 |
Notes to Editors:
About Entertainment One
Entertainment One Ltd. (LSE:ETO) is a leading international entertainment company that specialises in the acquisition, production and distribution of film and television content. The Company's comprehensive network extends around the globe including Canada, the US, the UK, Ireland, Spain, Benelux, France, Germany, Scandinavia, Australia, New Zealand, South Africa and South Korea.
The Company provides extensive expertise in film distribution, television and music production, family programming and merchandising and licensing. Its current rights library is exploited across all media formats and includes more than 35,000 film and television titles, 2,800 hours of television programming and 45,000 music tracks.
Further information is available at www.entertainmentone.com or email Redleaf Polhill at eOne@redleafpr.com.