TIDMEROS
RNS Number : 8801K
Eros International PLC
02 August 2013
2(nd) August 2013
Eros International plc ("The Company")
Issue of Equity
The Company announces that application has been made for
1,431,000 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 as share awards to certain Directors and employees.
Of the 1,431,000 Ordinary Shares being issued, 825,000 Ordinary
Shares are being issued to the following Directors:
Name Position Number of Resultant % of issued
Ordinary Shares interest in share capital
awarded Ordinary Shares following
held Admission
---------------------- ----------------------- ---------------------- ---------------------- ---------------------
Group CEO and
Jyoti Deshpande Managing Director 250,000 1,081,005 0.86
---------------------- ----------------------- ---------------------- ---------------------- ---------------------
Non-Executive
Naresh Chandra Director 25,000 72,170 0.06
---------------------- ----------------------- ---------------------- ---------------------- ---------------------
Non-Executive
Dilip Thakkar Director 25,000 72,170 0.06
---------------------- ----------------------- ---------------------- ---------------------- ---------------------
Non-Executive
Michael Kirkwood Director 25,000 45,000 0.04
---------------------- ----------------------- ---------------------- ---------------------- ---------------------
In addition, 250,000 Ordinary Shares are being awarded to each
of Kishore Lulla, Executive Chairman, and Sunil Lulla, Executive
Director. Kishore and Sunil Lulla are potential beneficiaries of
discretionary trusts and subsequent to this award, will hold, in
aggregate, 77,559,503 Ordinary Shares in the Company, representing
61.7% of the issued share capital of the Company.
The new Ordinary Shares will rank pari passu with the existing
Ordinary Shares in issue and Admission is expected to become
effective on 8(th) August 2013.
Following Admission, the Company will have 125,748,367 Ordinary
Shares in issue.
For further information, please contact:
Eros International Plc Eros International Plc
Sean Hanafin Jamie M.M. Kirkwood
Chief Corporate & Strategy Officer Group Communications & Investor
T: +44 (0)20 7258 9909 Relations
T: +44 (0)20 7258 9906
Investec Bank plc Peel Hunt LLP
Nominated Adviser & Joint Broker Joint broker
Jeremy Ellis / Patrick Robb Richard Kauffer / Dan Harris
/ Carlton Nelson / Andy Crossley
T: +44 (0) 20 7597 5000 T: +44 (0) 20 7418 8900
About Eros International Plc
Eros co-produces, acquires and distributes Indian language
films, in multiple formats worldwide
-- 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 Limited ("Eros International") on the BSE &
NSE in India
-- Eros operates in over 50 countries, with offices throughout
India, the United Kingdom, USA, UAE, Singapore, Australia, Fiji and
the Isle of Man
A registration statement relating to Eros' A Ordinary Shares has
been filed with the United States Securities and Exchange
Commission, 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 press release 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
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of such jurisdiction.
Some of the information presented in this press release and in
related comments by Eros' management 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 Eros' future
prospects, developments and business strategies. Similarly,
statements that describe Eros' strategies, objectives, plans or
goals and statements regarding the proposed offering and the
anticipated costs of these transactions are forward-looking
statements and are based on information available to Eros 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 Eros' control, including
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 Eros' Registration Statement on Form F-1 filed
with the U.S. Securities and Exchange Commission. Eros undertakes
no obligation to revise the forward-looking statements included in
herein to reflect any future events or circumstances, except as
required by law. Eros' actual results, performance or achievements
could differ materially from the results expressed in, or implied
by, these forward-looking statements.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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