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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
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Dic Ent Regs | LSE:DEKE | London | Ordinary Share | COM SHS USD0.001 (REG S) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 33.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number : 2236Y DIC Entertainment Holdings, Inc. 03 July 2008 Not for release, publication or distribution, in whole or in part, in or into Canada, Australia, Republic of Ireland, South Africa or Japan or, any other jurisdiction where to do so would be unlawful. 3 July 2008: For immediate release RE: Divorce settlement and change in director's shareholding Andy Heyward, chairman of DIC Entertainment Holdings, Inc. (the "Company") and the largest holder of the units of common stock in the Company ("DIC Stock"), has finalized settlement arrangements in connection with divorce proceedings with his ex-wife, Evelyn Heyward on 2 July 2008 (the "Settlement"). Pursuant to the Settlement, Mr. Heyward has transferred 7,570,537 DIC Stock held by him to Mrs. Heyward amounting to 17.49% of the total outstanding and issued DIC Stock. The Company has been notified that, under the terms of the Settlement, Mrs. Heyward has irrevocably appointed Mr. Heyward as her proxy to vote any and all DIC Stock held by her. As such, Mr. Heyward is the registered holder of 14,028,159 DIC Stock (representing 32.41% of the total outstanding and issued DIC Stock). However, as a result of the irrevocable proxy granted pursuant to the terms of the Settlement, Mr. Heyward remains able to exercise full voting control over 21,598,696 DIC Stock in total (representing the voting rights of 49.9% of the total outstanding and issued DIC Stock). In addition, under the terms of the Settlement, Mr. Heyward has the ability to cause Mrs. Heyward to sell her DIC Stock if he is selling a significant portion of his DIC Stock and has a right of first refusal to acquire any DIC Stock proposed to be sold by Mrs. Heyward and Mrs. Heyward has the right to participate in proposed transfers by Mr. Heyward and other sale transactions. The irrevocable proxy and certain of the transfer rights described above terminate upon certain events including transfer by Mr. Heyward of a significant amount of his remaining DIC Stock, or Mr. Heyward's termination of employment, death or disability. Accordingly, given the terms of the Settlement and the retained voting rights Mr. Heyward has over the 7,570,537 DIC Stock held by Mrs. Heyward, the Settlement does not affect the ability of Mr. Heyward to vote in favor of the proposed merger with a subsidiary of Cookie Jar Entertainment Inc. (as announced and described therein on 20 June 2008) (the "Merger"). The Company would like to emphasize that it understands the discussions regarding the Settlement to have been ongoing for some time and predate the Merger discussions and regard the Settlement to be unconnected to the Merger and do not regard the Settlement as adversely affecting the consummation of the Merger. For further information: DIC Entertainment Holdings, Inc. Jeffrey Edell, President, DIC Tel: +1 818-955-5400 Nomad and Broker Landsbanki Securities (UK) Limited John Craven/Claes Spang Tel: +44 (0) 20 7426 9000 Media enquiries: DIC Entertainment Holdings, Inc. Simon Forrest, Investor Relations Tel: +44 (0) 7885 317746 Landsbanki Securities (UK) Limited, which is authorized and regulated in the UK by the Financial Services Authority, is acting exclusively for the Company and for no-one else in connection with this announcement and will not be responsible to anyone other than the Company for providing protections afforded to clients of Landsbanki Securities (UK) Limited. This announcement will not be made, directly or indirectly, in or into, or by the use of the mails or any means of instrumentality (including, without limitation, telephonically or electronically) of interstate or foreign commerce of, or any facilities of a national securities exchange of Canada, Republic of Ireland, South Africa, Australia or Japan. Accordingly, except as required by applicable law, copies of this announcement are not being, and may not be, mailed or otherwise forwarded, distributed or sent in, into or from Canada, Republic of Ireland, South Africa, Australia or Japan. Persons receiving this announcement (including without limitation nominees, trustees or custodians) must not forward, distribute or send it into Canada, Republic of Ireland, South Africa, Australia or Japan. This announcement does not constitute, or form any part of, any offer for, or solicitation of any offer for, securities (or any recommendation in connection thereto). This information is provided by RNS The company news service from the London Stock Exchange END RDSGIGDRDDGGGIX
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