Canada's Entertainment One Eyes London Premium Listing
A higher-profile presence on the UK's main financial market follows the Canadian indie producer in February pulling plans for an outright sale.
TORONTO -- Canada’s Entertainment One is looking to land a premium listing on the London Stock Exchange during the next fiscal year.
In its lastest trading update, the Toronto-based indie producer and distributor said its boardroom was “actively considering” moving to a more prestige listing on the LSE.
Entertainment One in July 2010 moved from the UK’s secondary AIM exchange to a standard listing on the LSE’s main market.
A premium LSE listing could herald better visibility and liquidity for the Canadian producer of the lucrative UK Peppa Pig kids TV franchise.
Entertainment One also reported it had a strong fourth quarter and expects results for the current financial year to March 31, 2012 to “be in line with management expectations.”
The Canadian producer of ABC’s Rookie Blue and Syfy’s Haven in February pulled plans for an outright sale after failing to secure a formal bid that matched expectations.
Entertainment One is also thought to be looking for alternative ways for London-based hedge fund manager Marwyn Investment Management to possibly cash out of the company after it first took a major stake in 2007 and took its public listing from Canada to Britain.