Eros International PLC Proposed U.S. Initial Public Offering (6294R)

TIDMEROS

RNS Number : 6294R

Eros International PLC

29 October 2013

Eros International PLC

('Eros" or "the Company")

Eros International PLC Announces Proposed U.S. Initial Public Offering

London, 29th October, 2013: Eros International PLC, a leading global company in the Indian film entertainment industry, announces it has commenced its proposed U.S. initial public offering of 12,500,000 A ordinary shares (the "Offering") pursuant to a registration statement filed with the U.S. Securities and Exchange Commission (the "SEC"). The estimated initial public offering price is between US$ 15 and US$ 17 per A ordinary share. In the Offering, the Company will offer 7,812,500 A ordinary shares, and another 4,687,500 A ordinary shares will be offered by certain selling shareholders. The underwriters will be granted a 30-day option to purchase up to 468,750 additional A ordinary shares from the Company and 1,406,250 additional A ordinary shares from the selling shareholders to cover overallotments, if any. The Company has applied to list its A ordinary shares on the New York Stock Exchange under the ticker symbol "EROS."

The price range reflects the Company's proposed 1-for-3 consolidation of its existing ordinary shares in connection with the Offering and proposed listing on the New York Stock Exchange. Deutsche Bank, BofA Merrill Lynch, UBS Securities LLC, Jefferies LLC and Credit Suisse Securities (USA) LLC are acting as Bookrunners in relation to the Offering.

The Offering will be made only by means of a prospectus. When available, copies of the preliminary prospectus relating to the Offering may be obtained from: Deutsche Bank Securities Inc., Attn: Prospectus Department, 100 Plaza One, Jersey City, NJ 07311, via email at [e-mail], or via telephone at [phone]; from BofA Merrill Lynch, Attn: Prospectus Department, 222 Broadway, New York, NY 10038, or via email at [e-mail]; from UBS Securities LLC, Attention: Prospectus Department, 299 Park Avenue, New York, NY 10171, or via telephone at [phone]; from Jefferies LLC, 520 Madison Avenue, 12th Floor, New York, NY, 10022, Attention: Equity Syndicate Prospectus Department, by calling [phone] or by emailing [e-mail]; or from Credit Suisse Securities (USA) LLC, Credit Suisse Prospectus Department, One Madison Avenue, New York, NY 10010.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful, prior to registration or qualification under the securities laws of any state or jurisdiction.

Contacts:

Andrew Heffernan

Chief Financial Officer

Sean Hanafin

Chief Corporate Officer

Tel: [phone]

Jamie Kirkwood

VP, Investor Relations

Tel: [phone]

Investec Bank plc

Nominated Adviser & UK Delisting Advisor

Patrick Robb / Jeremy Ellis / Carlton Nelson

T: [phone]

About Eros International Plc

-- Eros co-produces, acquires and distributes Indian language films, in multiple formats worldwide.

   --     In 2006, Eros listed its shares on the AIM Market of the London Stock Exchange. 

-- In October 2010, Eros International listed its Indian subsidiary Eros International Media on the BSE & NSE in India.

-- Eros operates in over 50 countries, with offices throughout India, the United Kingdom, USA, UAE, Singapore, Australia, Fiji and the Isle of Man.

Some of the information presented in this press release and in related comments by the Company's management contains forward-looking statements. In some cases, these forward-looking statements are identified by terms and phrases such as "aim," "anticipate," "believe," "feel," "contemplate," "intend," "estimate," "expect," "continue," "should," "could," "may," "plan," "project," "predict," "will," "future, " "goal," "objective," and similar expressions and include references to assumptions and relate to the Company's future prospects, developments and business strategies. Similarly, statements that describe the Company's strategies, objectives, plans or goals and statements regarding the proposed offering and the anticipated costs of these transactions are forward-looking statements and are based on information available to the Company as of the date of this press release. Forward-looking statements are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those contemplated by the relevant statement. Such risks and uncertainties include a variety of factors, some of which are beyond the Company's control. In particular, such risks and uncertainties include market conditions. Information concerning these and other factors that could cause results to differ materially from those contained in the forward-looking statements is contained under the caption "Risk Factors" in the Company's Registration Statement on Form F-1 filed with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to revise the forward-looking statements included in herein to reflect any future events or circumstances, except as required by law. The Company's actual results, performance or achievements could differ materially from the results expressed in, or implied by, these forward-looking statements.

This information is provided by RNS

The company news service from the London Stock Exchange

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