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Entertainment One (ETO)

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Wednesday 10 August, 2016

Entertainment One

Response to Share Price Movement

RNS Number : 7345G
Entertainment One Ltd
10 August 2016
 

Date:                           10 August 2016
On behalf of:               Entertainment One Ltd. ("eOne" or the "Company")
Embargoed until:         0700 hours

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

Entertainment One Ltd.

Response to Share Price Movement                   

Entertainment One Ltd. notes the recent movement in the Company's share price.

The Company confirms that it has received a preliminary proposal (the "Proposal") with respect to a possible offer valuing the issued and to be issued share capital of the Company at 236 pence per share, which may or may not lead to an offer being made for the Company.

The Board of eOne has reviewed the Proposal and has unanimously rejected it on the basis that it fundamentally undervalues the Company and its prospects.

 

Enquiries:                    

 



Redleaf Communications

Emma Kane/

Rebecca Sanders-Hewett

 

+44(0)20 7382 4730  

[email protected]

Entertainment One Ltd.

Giles Willits/Patrick Yau

 

+44(0)20 3714 7931

 

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; leading feature film production and global sales company Sierra Pictures; unscripted television production companies Renegade 83, Paperny Entertainment and Force Four Entertainment; world-class music labels Dualtone Music Group and Last Gang; and award-winning digital agency Secret Location.

 

The Company's rights library is exploited across all media formats and includes more than 100,000 hours of film and television content and approximately 40,000 music tracks.

 

www.entertainmentone.com


This information is provided by RNS
The company news service from the London Stock Exchange
 
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