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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
Barry Walsh is editor and content director for realscreen, and has served as editor of the publication since 2009. With a career in entertainment media that spans two decades, prior to realscreen, he held the associate editor post for now defunct sister publication Boards, which focused on the advertising and commercial production industries. Before Boards, he served as editor of Canadian Music Network, a weekly music industry trade, and as music editor for HMV.com. As content director, he also oversees the development of content for the brand's market-leading events, the Realscreen Summit and Realscreen West, as well as new content initiatives.

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