ENTERTAINMENT One, the distributor of the blockbuster Twilight vampire movies, yesterday announced plans to move to the main list of the London Stock Exchange, as it cheered investors by confirming full-year results will be at the top end of its forecast range.
Entertainment One, which is currently listed on the Alternative Investment Market (Aim), said a move to the main market would be appropriate given the “current size, increasing maturity and ambition of the company”. It plans to move over following the announcement of its full year figures at the end of May.
The firm added that it is mulling moving its incorporation from the Cayman Islands to Canada to improve its market perception and attract a wider investor base. As part of the arrangements, the company will also change its domicile from the tax haven of Jersey to Canada for simplicity and ease of compliance with regulatory requirements in the Canadian film and TV distribution sector.
The gutsy plans for the future of the business came as Entertainment One said it would post results at the top end of recently-upgraded expectations for the financial year to end of March, boosted by its remit to distribute the second instalment of the Twilight saga, New Moon, on DVD.