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ORT Ortus Vct

25.00
0.00 (0.00%)
25 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ortus Vct LSE:ORT London Ordinary Share GB0003945101 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 25.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Agreement

11/08/2004 2:58pm

UK Regulatory


RNS Number:8638B
Orientrose 2 PLC
11 August 2004


FOR IMMEDIATE RELEASE                                          11 AUGUST 2004



                              ORIENTROSE 2 PLC
                       ("Orientrose 2" or the "Company")

             Agreement to provide post production film advance



The Board of Orientrose 2 announces that it has agreed to advance the sum of US
$500,000 (the "Advance") to Trigger Street Productions Inc. which is the
co-producer of a forthcoming film called "Beyond the Sea" (the "Film"). The
Advance will be used by Trigger Street Productions Inc. to complete the post
production of the Film and will be repaid together with a premium of #50,000 out
of the North American Distributors gross receipts from the Film. Orientrose will
also be entitled to receive 12% of Trigger Street Production Inc's own share of
the net profits from the Film. The Advance will not be secured.

Beyond the Sea, which starts Kevin Spacey, K Bosworth, John Goodman, Bob Hoskins
and others is intended to be premiered in the Autumn of this year in North
America and the UK.

The Board of Orientrose 2 is currently reviewing a number of other opportunities
for the development of the Company's interests in the US film production market.

Contact:

Stephen Dean, Orientrose 2                                  00 34 605 28 22 11







                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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