News

eOne issues market shares

Entertainment One has successfully placed more shares in the market, and at a higher price than anticipated, due to an over-subscription.
March 9, 2011

Entertainment One has successfully placed more shares in the market, and at a higher price than anticipated, due to an over-subscription.

The indie producer said its underwriter placed 10 million shares at 160 pence apiece (US$2.60), to raise £16 million ($25.9 million) for possible acquisitions and programming purchases.

British-listed Entertainment One on February 25 said it aimed to issue up to 8 million new shares at 145 pence ($2.40) each to institutional investors.

CEO Darren Throop in a statement said his company’s board was “delighted” with the shareholder support.

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About The Author
Daniele Alcinii is a news reporter at realscreen, the leading international publisher of non-fiction film and television industry news and content. He joins the rs team with journalism experience following a stint out west with Sun Media in Edmonton's Capital Region, and communications work in Melbourne, Australia and Toronto. You can follow him on Twitter at @danielealcinii.

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