Entertainment One (ETO)
ENTERTAINMENT ONE | Director Exercise Of Options And Share Sale | RNS
2 October 2012
On behalf of:
Entertainment One Ltd. ('the Company', or 'the Group')
Director Exercise of Options and Share sale
As disclosed in the Prospectus dated 7 September 2012, certain directors intended to sell shares, once they were no longer restricted from dealing under the Company's share dealing code, in order to settle sums owed to fund tax liabilities arising from the exercise of options. Pursuant to this and in order to make adequate provision for future tax liabilities, Darren Throop, Patrice Theroux and Giles Willits have sold 1,100,000, 1,100,000 and 800,000 shares respectively, subject to a trading plan, put into place on 28 September 2012. As part of the same trading plan, Robert Lantos sold 1,200,000 shares. These shares, all of which were sold at 157.5 pence per share were placed with institutional investors.
In addition, Darren Throop and Patrice Theroux each exercised options in respect of 495,000 common shares in the Company at an exercise price of C$0.01 on 28 September 2012.
Following the share sales and the exercise of the options, these Directors' interest in common shares in the Company (which include shares held under an Employee Benefit Trust but exclude interests in respect of the Management Participation Scheme) are as follows:
Application is being made to the UK Listing Authority and to the London Stock Exchange for 990,000 common shares to be admitted to trading on the Main Market of the London Stock Exchange. It is expected that dealings will commence at 8.00am on 5 October 2012.
Following admission, the Company's increased share capital will comprise 271,027,814 common shares with voting rights. Therefore, the total number of voting rights in the Company will be 271,027,814.
The total number of voting rights may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Service Authority's Disclosure and Transparency Rules.
+44(0)207 566 6720
Entertainment One Ltd.
+44(0)207 566 6720
Cenkos Securities plc
+44(0)207 397 8926
Singer Capital Markets Limited
+44(0)203 205 7500
Notes to Editors:
Entertainment One Ltd. (LSE:ETO) is a leading international entertainment company that specializes 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, Australia, New Zealand, Benelux, France, Germany, Scandinavia, South Africa and South Korea. Through established Entertainment and Distribution divisions, 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 24,000 film and television titles, 2,700 hours of television programming and 45,000 music tracks.
Further information is available at www.entertainmentonegroup.com or email Redleaf Polhill at eOne@redleafpolhill.com
This information is provided by RNS