Entertainment One (ETO)
ENTERTAINMENT ONE | Exercise Of Warrants | RNS
1 November 2012
On behalf of:
Entertainment One Ltd. ('the Company', or 'the Group')
Embargoed until 0700hrs
Entertainment One Ltd.
Exercise of warrants
Entertainment One Ltd. announces that it has received an Exercise Notice from Lions Gate Entertainment Inc., the Parent Company of Summit Entertainment LLC, with respect to all of the 2,500,000 outstanding warrants previously granted to Summit Entertainment LLC. The warrants are exchangeable into common shares of the Company at a conversion price of 50 pence per share.
Application is being made to the UK Listing Authority and to the London Stock Exchange for 2,500,000 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 2 November 2012.
Following admission, the Company's increased share capital will comprise 273,527,814 common shares with voting rights. Therefore, the total number of voting rights in the Company will be 273,527,814.
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)207 907 3773
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