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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Enter Rights. | LSE:ERT | London | Ordinary Share | GB0008138884 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.08 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:9945X Entertainment Rights PLC 26 April 2004 26 April 2004 Entertainment Rights plc (the "Company") Result of Extraordinary General Meeting On 25 March 2004, the Company announced that its wholly-owned subsidiary, The Sleepy Kid Company Limited, had conditionally agreed to acquire all of Hallmark Entertainment Distribution LLC's right, title and interest in the Filmation Library for a total consideration of US$20 million (the "Acquisition") and a Firm Placing and a Placing and Open Offer of an aggregate of 150,408,893 new ordinary shares in the Company at 11.25p per share, both of which were conditional upon the approval of shareholders of the Company at an Extraordinary General Meeting convened for the purpose ("EGM"). The Company is pleased to announce that at the EGM held earlier today, each of the ordinary resolution put to shareholders to approve the Acquisition and the special resolution put to shareholders to approve the Firm Placing and the Placing and Open Offer was duly passed. The Acquisition is therefore expected to be completed by Wednesday, 28 April 2004. The aggregate 150,408,893 new ordinary shares in the Company (the subject of the Firm Placing and the Placing and Open Offer) are expected to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange plc's market for listed securities at 8.00 am on Thursday, 29 April 2004. - ends - Enquiries: Entertainment Rights plc 020 8762 6200 Mike Heap, CEO Elizabeth Gaines, Finance Director Julie King, Group PR Manager Collins Stewart Limited 020 7523 8350 Stephen Keys, Corporate Finance Bell Pottinger 020 7861 3232 David Rydell/Charles Reynolds About Entertainment Rights * Entertainment Rights Plc (ER) is one of the UK's fastest growing media groups specialising in the ownership of high quality children's and family programming, characters and brands. * The company owns the rights to a number of popular children's characters including Basil Brush, Postman Pat and Little Red Tractor. * Since 1999, when ER owned rights to just 50 hours of programming, ER's library has grown to over 1,200 hours of high quality children's and family programming. This includes rights to global brands such as Mattel's BarbieTM, Scholastic's CliffordTM, Hasbro's Transformers, as well as other well-known brands including Casper the Friendly Ghost and Felix the Cat. * The acquisition of Filmation will add a further 500 hours of progamming to ER's library, including the rights to classic characters He-Man and Masters of the Universe, She-Ra, Ghostbusters, BraveStarr, Fat Albert and The Lone Ranger. * ER has grown rapidly. Annual revenues have grown from #1.8m in 1999 to #29.5m in 2003, the last reported financial year. * High resolution images are available for the media to view and download free of charge from http://www.vismedia.co.uk. This information is provided by RNS The company news service from the London Stock Exchange END REGSEWFEMSLSEIL
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