TIDMEROS
RNS Number : 6294R
Eros International PLC
29 October 2013
Eros International PLC
('Eros" or "the Company")
Eros International PLC Announces Proposed U.S. Initial Public
Offering
London, 29th October, 2013: Eros International PLC, a leading
global company in the Indian film entertainment industry, announces
it has commenced its proposed U.S. initial public offering of
12,500,000 A ordinary shares (the "Offering") pursuant to a
registration statement filed with the U.S. Securities and Exchange
Commission (the "SEC"). The estimated initial public offering price
is between US$ 15 and US$ 17 per A ordinary share. In the Offering,
the Company will offer 7,812,500 A ordinary shares, and another
4,687,500 A ordinary shares will be offered by certain selling
shareholders. The underwriters will be granted a 30-day option to
purchase up to 468,750 additional A ordinary shares from the
Company and 1,406,250 additional A ordinary shares from the selling
shareholders to cover overallotments, if any. The Company has
applied to list its A ordinary shares on the New York Stock
Exchange under the ticker symbol "EROS."
The price range reflects the Company's proposed 1-for-3
consolidation of its existing ordinary shares in connection with
the Offering and proposed listing on the New York Stock Exchange.
Deutsche Bank, BofA Merrill Lynch, UBS Securities LLC, Jefferies
LLC and Credit Suisse Securities (USA) LLC are acting as
Bookrunners in relation to the Offering.
The Offering will be made only by means of a prospectus. When
available, copies of the preliminary prospectus relating to the
Offering may be obtained from: Deutsche Bank Securities Inc., Attn:
Prospectus Department, 100 Plaza One, Jersey City, NJ 07311, via
email at prospectus.cpdg@db.com, or via telephone at +1
800-503-4611; from BofA Merrill Lynch, Attn: Prospectus Department,
222 Broadway, New York, NY 10038, or via email at
dg.prospectus_request@baml.com; from UBS Securities LLC, Attention:
Prospectus Department, 299 Park Avenue, New York, NY 10171, or via
telephone at +1 888-827-7275; from Jefferies LLC, 520 Madison
Avenue, 12th Floor, New York, NY, 10022, Attention: Equity
Syndicate Prospectus Department, by calling (877) 547-6340 or by
emailing Prospectus_Department@Jefferies.com; or from Credit Suisse
Securities (USA) LLC, Credit Suisse Prospectus Department, One
Madison Avenue, New York, NY 10010.
A registration statement relating to these securities 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
press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any 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 any state or
jurisdiction.
Contacts:
Andrew Heffernan
Chief Financial Officer
Sean Hanafin
Chief Corporate Officer
Tel: +44 (0)20 7258 9909
Jamie Kirkwood
VP, Investor Relations
Tel: +44 (0)20 7258 9906
Investec Bank plc
Nominated Adviser & UK Delisting Advisor
Patrick Robb / Jeremy Ellis / Carlton Nelson
T: +44 (0) 20 7597 5000
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 International listed its Indian
subsidiary Eros International Media 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.
Some of the information presented in this press release and in
related comments by the Company's 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 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 offering and the anticipated costs of these transactions
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. The
Company's 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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