ENTERTAINMENT ONE, the company behind the Twilight films and the Peppa Pig cartoon series, is set for a move to the premium listing of the London Stock exchange, as its market value races towards inclusion on the FTSE 250 index.
The company said yesterday that it plans to make the move on 1 July should it be approved by shareholders at Entertainment One’s forthcoming annual meeting. The move to a premium listing follows the acquisition of Canadian film distributor Alliance Films, which owns rights to titles including Lord Of The Rings and The Hunger Games.
“The board believes that given Entertainment One’s profile, a premium listing is the most appropriate listing category for its common shares and will assist in increasing the profile of the company, providing it with exposure to a wider potential investor base and enhancing the liquidity of the shares,” the firm said yesterday.
Should it make the move, Entertainment One would be on the edge of eligibility for inclusion in the FTSE 250 series, with its market capitalisation currently at near-all time highs of over £500m.
The firm posted a 25 per cent rise in annual profits earlier this week, due to the success of its films and the Peppa Pig series.