Completion of Acquisition

5 Jul 2007 07:01

Entertainment One Ltd05 July 2007 5 July 2007 Entertainment One Ltd. Completion of acquisition of Contender Entertainment Group and Placing Further to the announcement made on 14 June 2007 relating to the conditionalagreement to acquire the Contender Entertainment Group (the "Acquisition") for atotal consideration of £49.4 million, Entertainment One Ltd. today announces thecompletion of the Acquisition and the admission of 30,777,011 new ordinaryshares to trading on AIM. Following admission, the company's issued sharecapital will consist of 115,182,397 ordinary shares. EnquiriesFinsbury +44 (0)20 7251 3801Faeth Birch/Don Hunter Entertainment One Ltd. +44 (0)20 7004 2700Giles Willits (Group CFO) Collins Stewart +44 (0)20 7523 8317Simon Atkinson About Entertainment One Ltd (LSE: ETO) History Admitted to trading on the AIM market of the London Stock Exchange on the 29thMarch 2007, Entertainment One Ltd's strategy is to build a leading internationalindependent entertainment content ownership and distribution business. The BusinessThe current business comprises: • Entertainment One Ltd, is the largest wholesaler in Canada of DVDs, CDs and video games. The business has established relationships with the industry's largest producers developed over 25 years and it currently serves over 3,000 customers;. • Koch Entertainment is the largest independent record label in the US and a leading distributor of home entertainment products to the US market, with a market share of approximately 2.7%. As well as distributing the content produced and licensed by Koch Records, it also distributes the products of more than 120 independent music and video labels on an exclusive basis in both physical and digital formats. This information is provided by RNS The company news service from the London Stock Exchange