Entertainment One Ltd Completion of acquisition by Hasbro, Inc. (3062Y)
December 30 2019 - 8:34AM
UK Regulatory
TIDMETO
RNS Number : 3062Y
Entertainment One Ltd
30 December 2019
Date: 30 December 2019
On behalf of: Entertainment One Ltd. (the "Company", "eOne",
"Entertainment One" or the "Group")
Embargoed until: Immediate Release
Entertainment One Ltd.
Completion of acquisition by Hasbro, Inc.
Further to the announcement made by Entertainment One Ltd. on 30
December 2019 regarding the Arrangement with Hasbro, Inc., the
Company confirms that the Arrangement has now become effective in
accordance with its terms and that, following an application by
Entertainment One, the FCA is expected to cancel the listing of
Common Shares on the premium segment of the Official List and the
LSE is expected to cancel the trading of the Common Shares on its
main market for listed securities, both with effect from 8:00 a.m.
(London time) tomorrow, 31 December 2019.
Further to the announcement made by Entertainment One on 23
December 2019 regarding the delivery of notices for the conditional
redemption of its GBP425,000,000 outstanding 4.625% senior secured
notes due 2026 (the "Notes"), the Company confirms that the
Transaction Condition referenced in such notices has been
satisfied.
Defined terms used but not defined in this announcement have the
meaning given to them in the Arrangement circular sent to
Entertainment One Shareholders on 24 September 2019 or the Notices
of Conditional Redemption sent to the holders of the Notes on 23
December 2019, as applicable.
Enquiries:
Entertainment One
Ltd. Patrick Yau +44 (0)20 3714 7931
Rebecca Sanders-Hewett
Alma PR Susie Hudson +44 (0)20 3405 0209
Notes to Editors:
Entertainment One Ltd. (LSE: ETO) is a global independent studio
that specialises in the development, acquisition, production,
financing, distribution and sales of entertainment content. The
Company's diversified expertise spans across film, television and
music production and sales; family programming, merchandising and
licensing; digital content; and live entertainment. Through its
global reach and expansive scale, powered by deep local market
knowledge, the Company delivers the best content to the world.
The Company's robust network includes international feature film
distribution company Sierra/Affinity; Amblin Partners with
DreamWorks Studios, Participant Media, and Reliance Entertainment;
Makeready with Brad Weston; unscripted television production
companies Whizz Kid Entertainment, Renegade 83, Daisybeck and
Blackfin; live entertainment leaders Round Room Live; world-class
music labels Dualtone Music Group and Last Gang; innovative music
platform Audio Network; and award-winning emerging content and
technology studio Secret Location.
The Company's rights library, valued at US$2.1 billion (as at 31
March 2019), is exploited across all media formats and includes
about 80,000 hours of film and television content and approximately
40,000 music tracks.
www.entertainmentone.com
IMPORTANT NOTICE
Not for release, publication or distribution in, into or from
any jurisdiction where to do so would constitute a violation of the
relevant laws or regulations of such jurisdiction.
Forward-Looking Statements
Certain statements in this announcement contain "forward-looking
statements" with respect to Entertainment One within the meaning of
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements may be accompanied by such words as
"anticipate," "believe," "could," "estimate," "expect," "forecast,"
"intend," "may," "plan," "potential," "project," "target," "will"
and other words and terms of similar meaning. Among other things,
these forward-looking statements include expectations concerning
the Arrangement and the expected timetable for the cancellation of
the listing and trading of the Common Shares. Entertainment One's
actual actions or results may differ materially from those expected
or anticipated in the forward-looking statements due to both known
and unknown risks and uncertainties. The statements contained
herein are based on Entertainment One's current beliefs and
expectations and speak only as of the date of this announcement.
Except as may be required by law, Entertainment One does not
undertake any obligation to make any revisions to the
forward-looking statements contained in this announcement or to
update them to reflect events or circumstances occurring after the
date of this announcement. You should not place undue reliance on
forward-looking statements.
No offer or solicitation
This announcement is provided for informational purposes only
and does not constitute an offer to sell, or an invitation to
subscribe for, purchase or exchange, any securities or the
solicitation of any vote or approval in any jurisdiction, nor shall
there be any sale, issuance, exchange or transfer of the securities
referred to in this announcement in any jurisdiction in
contravention of applicable law.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
ACQEALAEDDENFFF
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