Eros International plc (the "Company")
Issue of Equity
The Company announces that application has been made for 2,075,340 ordinary shares of 10p each in the Company ("Ordinary Shares") to be admitted to trading on the AIM market of the London Stock Exchange ("Admission"). The new Ordinary Shares are being issued pursuant to share awards.
Of the 2,075,340 Ordinary Shares being issued, 94,340 Ordinary are being issued to the following directors of the Company:
Name | Position | Number of Ordinary Shares awarded | Resultant interest in Ordinary Shares held | % of issued share capital following Admission |
Naresh Chandra | Non-executive Director | 47,170 | 47,170 | 0.04% |
Dilip Thakkar | Non-executive Director | 47,170 | 47,170 | 0.04% |
In addition, 750,000 Ordinary Shares are being issued to The Eros Foundation, a UK registered charity (Registered number 1131141) of which Kishore Lulla is a trustee but not a beneficiary, which increases The Eros Foundation's interest to 903,846 Ordinary Shares (representing 0.76% of the issued share capital following Admission). Kishore Lulla is also interested in up to 81,650,657 Ordinary Shares (representing 69.01% of the issued share capital following Admission) by virtue of him being a potential beneficiary of discretionary trusts which hold Ordinary Shares in the Company.
The new Ordinary Shares rank pari passu with the Company's existing Ordinary Shares and Admission is expected to become effective on 6 October 2011.
Following Admission, the Company will have 118,316,874 Ordinary Shares in issue.
30 September 2011
Contact:
Eros International Plc
Andrew Heffernan - CFO
Jamie Kirkwood - Head of Investor Relations & Special Projects
T: +44 (0) 20 7258 9906
Evolution Securities Limited
Nominated Adviser
Jeremy Ellis / Chris Clarke
T: +44 (0) 20 7071 4300
Investec Bank Plc
Joint broker
Patrick Robb / 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
Recommend:
