TIDMEROS
RNS Number : 2920O
Eros International PLC
18 September 2013
Eros International Plc ("Eros" or the "Company")
18 September 2013
AIM Cancellation Update
Further to the Company's announcement on 30 March 2012 of its
intention to list on the New York Stock Exchange ("NYSE") and to
delist from AIM, and the Company's announcement on 10 September
2013 that it has filed an Amendment #3 to its registration
statement on Form F-1 with the United States Securities and
Exchange Commission ("SEC") relating to a proposed initial public
offering of its A Ordinary Shares on the NYSE, this announcement
provides an update concerning the expected timing of the proposed
cancellation of the Company's admission to AIM ("AIM
Delisting").
The AIM Delisting is currently expected to take place at 7.00
a.m. on the business day following the proposed NYSE listing, which
is currently expected to be no earlier than 18 October 2013.
Trading of the Company's ordinary shares on AIM is expected to be
suspended at 7.30 a.m. on the day of such listing on the NYSE,
which is currently expected to be no earlier than 17 October 2013.
These dates are subject to change and confirmation depending on the
final NYSE listing timetable and a further announcement will be
made in due course.
Further details regarding the proposed NYSE listing and AIM
Delisting are set out in the announcement of 30 March 2012, but the
Company highlights the following matters:
-- The AIM Delisting, which is to become effective as soon as
practicable after the listing of shares on the NYSE, was approved
by the Company's shareholders at an EGM on 24 April 2012; if the
shares are not listed on the NYSE, the Company will not continue
its application for AIM Delisting
-- At the EGM on 24 April 2012 the Company's shareholders also
approved, conditional on the NYSE listing, the adoption of new
Articles of Association and certain share capital changes,
principally the provision for enhanced voting rights to attach to B
Ordinary Shares to be held by the Company's founders, so that they
will continue to hold a majority vote at all general meetings
following the NYSE listing; in addition, at a second EGM on 3 May
2012 the Company's shareholders approved a 1 for 3 share
consolidation in connection with, and conditional on, the NYSE
listing; full details of these EGMs are contained within the
related Circulars, copies of which are available on the Company's
website (www.erosplc.com)
-- Following AIM Delisting, there will be no market facility in
the UK for dealing in A Ordinary Shares and shareholders wishing to
deal in A Ordinary Shares will either have to sell their A Ordinary
Shares privately or through a broker on the NYSE in compliance with
US securities laws.
-- A Frequently Asked Questions ("FAQ") document setting out
certain information addressing questions concerning the Company's
proposed registered initial public offering and trading of A
Ordinary Shares on the NYSE has been prepared for the benefit of
shareholders. Shareholders are encouraged to review the FAQ, which
is available on the Company's website (www.erosplc.com), and to
consult their stockbroker, solicitor, accountant or other
independent financial adviser in the event of any doubt.
For further information, please contact:
Andrew Heffernan
Chief Financial Officer
Eros International Plc
Eros International Plc
Sean Hanafin
Chief Corporate & Strategy Officer
T: +44 (0)20 7258 9909
Jamie M.M. Kirkwood
Group Communications & Investor Relations
T: +44 (0)20 7258 9906
Investec Bank plc
Nominated Adviser & Joint Broker
Patrick Robb / Jeremy Ellis / Carlton Nelson
T: +44 (0) 20 7597 5000
Peel Hunt LLP
Joint broker
Richard Kauffer / Dan Harris / Andy Crossley
T: +44 (0) 20 7418 8900
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 listed its Indian subsidiary Eros
International Media on the BSE & NSE in India
-- Eros' distribution capabilities enable it to target consumers
in over 50 countries, and has offices throughout India, the United
Kingdom, USA, UAE, Singapore, Australia, Fiji and the Isle of
Man
A registration statement relating to the Company's A ordinary
shares 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 document shall not constitute an offer to sell or a
solicitation of an offer to buy nor shall there be any offer or
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 such state or
jurisdiction.
Some of the information presented in this press release 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 listing on the NYSE and delisting from AIM 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCUWRKROWAKARR
Eros (LSE:EROS)
Historical Stock Chart
Von Nov 2024 bis Dez 2024
Eros (LSE:EROS)
Historical Stock Chart
Von Dez 2023 bis Dez 2024
