11 Oct 2018 07:00
Press Release
FFI Holdings PLC
("FFI Holdings" or "the Company")
Resignation of CFO and Board Changes
London, 11 October 2018 - FFI Holdings PLC (AIM: FFI), the leading provider of diversified services to the makers of film, TV, mini-series and online media, announces that Timothy Trankina, has stepped down from his role as Chief Financial Officer of the Company and as an executive director from the board of directors with immediate effect to pursue other interests.
The Company also announces today that it has promoted Billy Cheung from Controller to CFO effective immediately. Mr Cheung will not be appointed to join the Company's board of directors.
James Terlizzi, Chairman of FFI Holdings, commented: "The Board appreciates Tim's contributions and wish him well in his future endeavors."
ENQUIRIES:
FFI Holdings PLC
David Sasso, Head of Investor Relations
Tel: +1 1 310 275 7323
Hawthorn Advisors
Victoria Ainsworth, Hawthorn Advisors
Tel: +44 (0)20 3745 3815
Liberum (Nominated Adviser and Corporate Broker)
Steve Pearce
Joshua Hughes
+44 (0) 3100 2000
This announcement contains inside information.
About FFI Holdings PLC
FFI Holdings PLC is the holding company of Film Finances Inc., a leading provider of diversified services across the entertainment industry. FFI was formerly focused on completion contracts to the entertainment industry, and over successive decades, has now grown globally to become a trusted, iconic brand at the centre of the film industry.
Founded in the 1950s, FFI soon established itself as the world leader in completion guarantees to the entertainment industry, offering assurance to financiers that productions will be completed on time and on budget. These guarantees serve to offload risks to production budgets and timelines for financiers, as well as for FFI through long-standing insurance relationships.
FFI listed on the AIM market in June 2017 and has diversified its business beyond completion contracts to provide services across the broader entertainment landscape. These include pre- and post-production services, general risk insurance, content investment and content distribution. FFI is also present in China, where it provides a growing range of entertainment-related services including completion contracts to the domestic film making industry.
Headquartered in Los Angeles, USA, FFI has 11 offices globally, including in London, Stockholm, Toronto, New York, Cape Town, Cologne and Shanghai.