27 Feb 2018 16:08
Date: 27 February 2018On behalf of: Entertainment One Ltd. ("eOne" or the "Company")
Entertainment One Ltd.
Result of special meeting
eOne announces that the Company's shareholders have approved the proposed acquisition by Earl Street Capital, Inc., a wholly owned subsidiary of the Company, of the balance of the equity interest of Deluxe Pictures, d/b/a The Mark Gordon Company not already held by eOne (the "Acquisition") at a special meeting of shareholders held at the offices of the Company at 134 Peter Street, Suite 700, Toronto, Ontario, Canada M5V 2H2 at 10:00 a.m. (EST)/3:00 p.m. (GMT) today.
Proxies were validly received in respect of 357,567,202 common shares representing approximately 79.6% of the outstanding common shares in the Company eligible to vote on the resolution.
Details of the number of shares voted in person or by proxy are set out below:
Resolution | Votes FOR | % of Shares Voted | Votes AGAINST | % of Shares Voted | Total Votes | % of Issued Share Capital Eligible to Vote | Votes Withheld* |
Proposed acquisition of the balance of the equity interest in The Mark Gordon Company | 356,095,654 | 99.6% | 1,471,548 | 0.4% | 357,567,202 | 79.6% | 0 |
*A vote withheld is not a vote in law and is not counted towards votes cast "For" or "Against" a resolution.
Details of the Acquisition were set out in a circular posted to shareholders on 5 February 2018, which is available at: http://www.morningstar.co.uk/uk/NSM and on the Company's website at: https://www.entertainmentone.com/investors/. A copy of the resolution passed at the special meeting is included in the circular posted to shareholders.
Completion of the Acquisition is expected to take place on or around 2 March 2018.
As previously announced by the Company, part of the consideration for the Acquisition will be satisfied by the issue of 10,826,566 new common shares of no par value in the Company (the "Consideration Shares") to The Mark R. Gordon Revocable Trust.
Applications have been made for the Consideration Shares to be admitted to a premium listing on the Official List and to trading on the London Stock Exchange's Main Market for listed securities (together, "Admission"). The Consideration Shares, when issued, will rank pari passu in all respects with the existing common shares of no par value in the share capital of the Company.
It is expected that Admission will take place at 8.00 a.m. on 5 March 2018.
Enquiries: |
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Alma PR | Rebecca Sanders-Hewett Susie Hudson | +44 (0)20 3865 9667 |
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Entertainment One Ltd. | Joe Sparacio Patrick Yau | +44 (0)20 3714 7931 |
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Notes to Editors:
About Entertainment One
Entertainment One Ltd. (LSE:ETO) is a global independent studio that specialises in the development, acquisition, production, financing, distribution and sales of entertainment content. The Company's diversified expertise spans across film, television and music production and sales, family programming, merchandising and licensing, and digital content. Through its global reach and expansive scale, powered by deep local market knowledge, the Company delivers the best content to the world.
Entertainment One's robust network includes film and television studio The Mark Gordon Company; content creation venture Amblin Partners with Steven Spielberg, DreamWorks Studios, Participant Media, and Reliance Entertainment; newly-launched MAKEREADY with Brad Weston; leading feature film production and global sales company Sierra Pictures; unscripted television production company Renegade 83; world-class music labels Dualtone Music Group and Last Gang; and award-winning digital agency Secret Location.
The Company's rights library, valued at US$1.7 billion (as at 31 March 2017), is exploited across all media formats and includes around 80,000 hours of film and television content and around 40,000 music tracks.
www.entertainmentone.com
Entertainment One (ETO)