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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
Meagan Kashty is an associate editor of realscreen, an international print and online magazine that covers the non-fiction film and television industries. Meagan is an award-winning business journalist. Prior to joining the realscreen team, Meagan was online editor of Canadian Grocer, named Magazine of the Year at the 2015 Canadian Business Media Awards. She can be reached at mkashty@brunico.com, and you can follow her on Twitter @MegKashty

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