Entertainment One Ltd (LSE: ETO) has closed its previously announced acquisition of Paperny Entertainment Inc, a producer of factual television programming based in Vancouver. The deal, whose financial terms were not disclosed, has been estimated to value $29.2 million. With headquarters in Toronto, Entertainment One acquires, produces and distributes film and televison content. It has been backed by U.K. private equity firm Marwyn Investment Management since 2007.
Entertainment One Ltd: Completion of Paperny Entertainment acquisition
1 August 2014
Entertainment One Ltd. is pleased to announce that it has completed the acquisition of the Paperny Entertainment group of companies, a leading independent television producer operating across Canada and the United States, details of which were announced on 17 July 2014.
Application is being made to the UK Listing Authority and the London Stock Exchange for 2,571,803 common shares in Entertainment One Ltd. to be admitted to the Official List and to trading on the London Stock Exchange. The shares shall rank pari passu with the existing common shares of the Company and it is expected that admission will commence at 8:00am on 7 August 2014.
+44(0)20 7382 4730; eOne@redleafpr.com
Entertainment One Ltd.
Giles Willits/Patrick Yau
+44(0)20 3714 7931
J.P. Morgan Cazenove
Hugo Baring/Virginia Khoo
+44(0)20 7742 4000
Cenkos Securities plc
+44(0)20 7397 8926
J.P. Morgan Securities plc is acting as corporate broker to the Company and no one else and will not be responsible to any other person for providing the protections afforded to clients of J.P. Morgan in connection with any matter referred to herein.
About Entertainment One
Entertainment One Ltd. (LSE:ETO) is a leading international entertainment company that specialises 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, Spain, Benelux, France, Germany, Scandinavia, Australia, New Zealand, South Africa and South Korea.
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 35,000 film and television titles, 2,800 hours of television programming and 45,000 music tracks.
Further information is available at www.entertainmentone.com or email Redleaf Polhill at eOne@redleafpr.com.
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