Entertainment One (ETO); placing results in £130m of gross proceeds

Published on 12-04-2019 07:27:39
Author Sparks Team

J.P. Morgan Cazenove, Investec Bank and Canaccord Genuity have placed a total of 28,900,000 placing shares at 450p per share. The placing price represents a discount of 5.6% to the closing price on 11 April 2019.

The placing is conditional upon, amongst other things, admission becoming effective by 8.00am on 16 April 2019 and the placing agreement entered into by the company with the banks not being terminated in accordance with its terms before that time.

Canada Pension Plan Investment Board and Capital Guardian Trust Company and Capital Research and Management Company have participated by placing shares at the placing price for a consideration of £5m and £27m, respectively.

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