11 May 2012 07:00
11 May 2012
PIVOT ENTERTAINMENT GROUP PLC
("Pivot Entertainment" or "the Company")
Change of Company Name
Following its announcement on 08 May, the Board of Pivot Entertainment Group plc (AIM: PVT) has resolved, under authorities granted within the Company's Articles of Association, to change the Company's name from Pivot Entertainment Group plc to reach4entertainment Enterprises plc ("r4e").
The Company's shares are expected to trade on AIM under the new name with effect 14 May 2012 and the Company's TIDM will change from PVT.L to R4E.L. In order to reflect the change to the new name, the Company is changing its website address to www.r4e.com.
Commenting on the new name, Chairman and CEO David Stoller said that the new name signals a change in strategy and management of the group, featuring a powerful spirit of shared enterprise among the transatlantic Group companies:
"We have a strong and dynamic leadership in our core operations at Spotco and Dewynters and we are leveraging those strengths across a widening platform."
Drew Hodges, CEO of Spotco, observed that the new name reflects the sense of "harnessing the force of the Group to a powerful shared ambition", and Anthony Pye-Jeary, CEO of Dewynters added that "reach4entertainment is an exciting springboard to our next stage of development."
-End-
Enquiries:
Pivot Entertainment Corporation Plc
David Stoller/ Shirley Stapleton Tel: +44 20 79930000
Seymour Pierce Limited
Stewart Dickson/Tom Sheldon (Corporate Finance) Tel: +44 20 71078000
Katie Ratner (Corporate Broking)
XCAP Securities plc
Adrian Kirk / David Lawman (Joint Broker) Tel: +44 20 71017070
Bishopsgate Communications Limited
Nick Rome/Lynne Goulding Tel: +44 20 75623350
pivotentertainment@bishopsgatecommunications.com