Proactiveinvestors Australia FFI Holdings PLC https://www.proactiveinvestors.com.au Proactiveinvestors Australia FFI Holdings PLC RSS feed en Fri, 19 Jul 2019 16:04:27 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[RNS press release - Form 8.5 (EPT/RI) ]]> https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190718123242_14154929/ Thu, 18 Jul 2019 21:32:42 +1000 https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190718123242_14154929/ <![CDATA[RNS press release - Form 8 (DD) - FFI Holdings PLC ]]> https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190718091032_14154430/ Thu, 18 Jul 2019 18:10:32 +1000 https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190718091032_14154430/ <![CDATA[RNS press release - Form 8 (DD) - FFI Holdings PLC ]]> https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190716101025_14151009/ Tue, 16 Jul 2019 19:10:25 +1000 https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190716101025_14151009/ <![CDATA[RNS press release - Form 8.5 (EPT/RI) ]]> https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190716085501_14150882/ Tue, 16 Jul 2019 17:55:01 +1000 https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190716085501_14150882/ <![CDATA[RNS press release - Form 8.5 (EPT/RI) ]]> https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190715162818_14150006/ Tue, 16 Jul 2019 01:28:18 +1000 https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190715162818_14150006/ <![CDATA[RNS press release - Share Purchases and Voting Intentions ]]> https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190715141800_14149750/ Mon, 15 Jul 2019 23:18:00 +1000 https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190715141800_14149750/ <![CDATA[RNS press release - Form 8.5 (EPT/RI) ]]> https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190715115924_14149569/ Mon, 15 Jul 2019 20:59:24 +1000 https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190715115924_14149569/ <![CDATA[RNS press release - Form 8 (DD) - FFI Holdings PLC ]]> https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190715112434_14149469/ Mon, 15 Jul 2019 20:24:34 +1000 https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190715112434_14149469/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190712165619_14147468/ Sat, 13 Jul 2019 01:56:19 +1000 https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190712165619_14147468/ <![CDATA[RNS press release - Form 8.3 - FFI Holdings PLC ]]> https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190712110939_14146963/ Fri, 12 Jul 2019 20:09:39 +1000 https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190712110939_14146963/ <![CDATA[RNS press release - Form 8.5 (EPT/RI) ]]> https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190712110342_14146917/ Fri, 12 Jul 2019 20:03:42 +1000 https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190712110342_14146917/ <![CDATA[RNS press release - Form 8.5 (EPT/RI) ]]> https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190712090854_14146630/ Fri, 12 Jul 2019 18:08:54 +1000 https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190712090854_14146630/ <![CDATA[RNS press release - Form 8 (DD) - FFI Holdings PLC ]]> https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190712083800_14146607/ Fri, 12 Jul 2019 17:38:00 +1000 https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190712083800_14146607/ <![CDATA[RNS press release - Form 8.5 (EPT/RI) ]]> https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190711093248_14144935/ Thu, 11 Jul 2019 18:32:48 +1000 https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190711093248_14144935/ <![CDATA[RNS press release - Form 8 (DD) - FFI Holdings PLC ]]> https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190711085846_14144902/ Thu, 11 Jul 2019 17:58:46 +1000 https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190711085846_14144902/ <![CDATA[RNS press release - Form 8.5 (EPT/RI) ]]> https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190710102239_14143420/ Wed, 10 Jul 2019 19:22:39 +1000 https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190710102239_14143420/ <![CDATA[RNS press release - Form 8 (DD) - FFI Holdings PLC ]]> https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190710085746_14143199/ Wed, 10 Jul 2019 17:57:46 +1000 https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190710085746_14143199/ <![CDATA[RNS press release - Form 8 (DD) - FFI Holdings PLC ]]> https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190709093924_14141594/ Tue, 09 Jul 2019 18:39:24 +1000 https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190709093924_14141594/ <![CDATA[RNS press release - Form 8.5 (EPT/RI) ]]> https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190709092138_14141529/ Tue, 09 Jul 2019 18:21:38 +1000 https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190709092138_14141529/ <![CDATA[RNS press release - Form 8 (OPD) FFI Holdings ]]> https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190709070008_14140913/ Tue, 09 Jul 2019 16:00:08 +1000 https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190709070008_14140913/ <![CDATA[RNS press release - Form 8 (DD) - FFI Holdings PLC ]]> https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190708110116_14140120/ Mon, 08 Jul 2019 20:01:16 +1000 https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190708110116_14140120/ <![CDATA[RNS press release - Form 8.5 (EPT/RI) ]]> https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190708104126_14140075/ Mon, 08 Jul 2019 19:41:26 +1000 https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190708104126_14140075/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190708070005_14139196/ Mon, 08 Jul 2019 16:00:05 +1000 https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190708070005_14139196/ <![CDATA[RNS press release - Form 8.5 (EPT/RI) ]]> https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190705110457_14138413/ Fri, 05 Jul 2019 20:04:57 +1000 https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190705110457_14138413/ <![CDATA[RNS press release - Form 8 (DD) - FFI Holdings PLC ]]> https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190705104958_14138382/ Fri, 05 Jul 2019 19:49:58 +1000 https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190705104958_14138382/ <![CDATA[RNS press release - Form 8.3 - FFI Holdings plc ]]> https://www.proactiveinvestors.com.au/companies/rns/15798/BWIPREM_20190705005064/ Fri, 05 Jul 2019 18:51:00 +1000 https://www.proactiveinvestors.com.au/companies/rns/15798/BWIPREM_20190705005064/ <![CDATA[RNS press release - Form 8.5 (EPT/RI) ]]> https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190705091518_14138234/ Fri, 05 Jul 2019 18:15:18 +1000 https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190705091518_14138234/ <![CDATA[RNS press release - Form 8.3 - FFI Holdings PLC ]]> https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190704160730_14137412/ Fri, 05 Jul 2019 01:07:30 +1000 https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190704160730_14137412/ <![CDATA[RNS press release - Form 8 (DD) - FFI Holdings PLC (Amended) ]]> https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190704140340_14137228/ Thu, 04 Jul 2019 23:03:40 +1000 https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190704140340_14137228/ <![CDATA[RNS press release - Form 8.5 (EPT/RI) ]]> https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190704133857_14137188/ Thu, 04 Jul 2019 22:38:57 +1000 https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190704133857_14137188/ <![CDATA[RNS press release - Form 8.5 (EPT/RI) ]]> https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190704110629_14136924/ Thu, 04 Jul 2019 20:06:29 +1000 https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190704110629_14136924/ <![CDATA[RNS press release - Form 8.5 (EPT/RI) ]]> https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190704105003_14136897/ Thu, 04 Jul 2019 19:50:03 +1000 https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190704105003_14136897/ <![CDATA[RNS press release - Form 8 (DD) - FFI Holdings PLC ]]> https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190704102823_14136789/ Thu, 04 Jul 2019 19:28:23 +1000 https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190704102823_14136789/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190704074212_14136415/ Thu, 04 Jul 2019 16:42:12 +1000 https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190704074212_14136415/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190704074026_14136414/ Thu, 04 Jul 2019 16:40:26 +1000 https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190704074026_14136414/ <![CDATA[RNS press release - Form 8.5 (EPT/RI) ]]> https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190703102821_14135007/ Wed, 03 Jul 2019 19:28:21 +1000 https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190703102821_14135007/ <![CDATA[RNS press release - Form 8.5 (EPT/RI) ]]> https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190703101108_14134929/ Wed, 03 Jul 2019 19:11:08 +1000 https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190703101108_14134929/ <![CDATA[RNS press release - Second Price Monitoring Extn ]]> https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190703090819_14134759/ Wed, 03 Jul 2019 18:08:19 +1000 https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190703090819_14134759/ <![CDATA[RNS press release - Price Monitoring Extension ]]> https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190703090139_14134753/ Wed, 03 Jul 2019 18:01:39 +1000 https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190703090139_14134753/ <![CDATA[RNS press release - Form 8 (OPD) (Lumiere Acquisitions Company LLC) ]]> https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190703070005_14134208/ Wed, 03 Jul 2019 16:00:05 +1000 https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190703070005_14134208/ <![CDATA[News - FFI Holdings receives mandatory bid from private group Lumiere ]]> https://www.proactiveinvestors.com.au/companies/news/223266/ffi-holdings-receives-mandatory-bid-from-private-group-lumiere-223266.html Film insurance group FFI Holdings PLC (LON:FFI) has received a mandatory takeover offer from Lumiere following its acquisition of chief executive Steve Ransohoff ‘s 30.1% stake.

The offer price is 25p per share, a 28% premium to the close on 1 July.

Lumiere already holds a substantial stake in FFI and with the addition of the shares of Ransohoff and his family, its stake will rise to 68%.

Once the offer completes, the intention is to delist from AIM said Lumiere.

FFI joined the junior market almost two years ago but struggled in the wake of the Weinstein scandal that led to a sharp drop in the number of films being produced.

Julian Bartlett, a non-executive director, said: "FFI's time on AIM has been blighted by a number of industry-specific headwinds which have largely been beyond our control; the diversification strategy we have followed will, we believe, in the longer-term bear fruit."

Josh Wander, a co-founder of 777, the group behind Lumiere, said FFI was a highly attractive company with a strong brand and a rich history in the entertainment industry.

The offer values FFI at approximately £39.5 mln.

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Wed, 03 Jul 2019 08:51:00 +1000 https://www.proactiveinvestors.com.au/companies/news/223266/ffi-holdings-receives-mandatory-bid-from-private-group-lumiere-223266.html
<![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190702172659_14134027/ Wed, 03 Jul 2019 02:26:59 +1000 https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190702172659_14134027/ <![CDATA[RNS press release - Recommended Mandatory Offer for FFI Holdings PLC ]]> https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190702171054_14134006/ Wed, 03 Jul 2019 02:10:54 +1000 https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190702171054_14134006/ <![CDATA[RNS press release - Trading Update ]]> https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190517070002_14077642/ Fri, 17 May 2019 16:00:02 +1000 https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190517070002_14077642/ <![CDATA[News - FFI Holdings still facing headwinds in film insurance business ]]> https://www.proactiveinvestors.com.au/companies/news/220497/ffi-holdings-still-facing-headwinds-in-film-insurance-business-220497.html Film insurance and services group FFI Holdings PLC (LON:FFI) will produce underlying profits this year at the bottom of its indicated range.

“Underlying EBIT will be within, but at the lower end of, the range of US$7.5mln to US$11.5mln.” 

In the half year to September, FFI posted underlying EBIT of US$6mln.

Completion contracts, the insurance policies that make sure a film is made, are still facing headwinds but all other divisions are trading in line with or ahead of the FFI’s expectations, the statement added.

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Fri, 17 May 2019 08:27:00 +1000 https://www.proactiveinvestors.com.au/companies/news/220497/ffi-holdings-still-facing-headwinds-in-film-insurance-business-220497.html
<![CDATA[RNS press release - Second Price Monitoring Extn ]]> https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190304110623_13989057/ Mon, 04 Mar 2019 22:06:23 +1100 https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190304110623_13989057/ <![CDATA[RNS press release - Price Monitoring Extension ]]> https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190304110053_13989049/ Mon, 04 Mar 2019 22:00:53 +1100 https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190304110053_13989049/ <![CDATA[RNS press release - Trading Statement ]]> https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190304070006_13988209/ Mon, 04 Mar 2019 18:00:06 +1100 https://www.proactiveinvestors.com.au/companies/rns/15798/LSE20190304070006_13988209/ <![CDATA[News - FFI Holdings' bumpy AIM journey brought to an end by bid from Lumiere ]]> https://www.proactiveinvestors.com.au/companies/news/215734/ffi-holdings--bumpy-aim-journey-brought-to-an-end-by-bid-from-lumiere-215734.html  

FFT Holding specialises in film insurance and getting films completed Offer from Lumiere of 25p per share Underlying profits for the year to March will be around US$7.5mln FFI set to delist once offer goes through

 

How it’s doing

FFI has struggled in current year with Completion Contract arm affected by lower volumes and a reduced average budget per film.

At Reel Media, the insurance agency, some films have been delayed into next year due to ending studio mergers.

 

Offer from Lumiere

Lumiere made a mandatory bid following its acquisition of FFI chief executive Steve Ransohoff’s 30.1% stake.

The offer price of 25p per share was a 28% premium to the close on 1 July.

Lumiere already holds a substantial stake in FFI and with the addition of the shares of Ransohoff and his family, its stake will rise to 68%.

Once the offer completes, the intention is to delist from AIM said Lumiere.

FFI joined the junior market almost two years ago but struggled in the wake of the drop in the number of films being produced that followed the Weinstein scandal.

Julian Bartlett, a non-executive director, said: "FFI's time on AIM has been blighted by a number of industry-specific headwinds which have largely been beyond our control; the diversification strategy we have followed will, we believe, in the longer-term bear fruit."

The offer values FFI at approximately £39.5 mln.

  What it does

Completion contracts are tailored insurance policies to ensure films get finished and form the core of the business

Equipment rental comprises Pivotal and EPS-Cineworks following the latter’s acquisition in November last year.

Insurance agency Reel Media, bought in December 2017, provides cover for events such as death or disability of actors, fire and loss or damage to props, rather than completion contracts, and relates to both TV and films.

The most recent acquisition, Signature, saw FFI expand into the film distribution market.

FFI’s first piece of original content was a documentary about Pandas.

 

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Mon, 04 Mar 2019 11:46:00 +1100 https://www.proactiveinvestors.com.au/companies/news/215734/ffi-holdings--bumpy-aim-journey-brought-to-an-end-by-bid-from-lumiere-215734.html
<![CDATA[News - FFI warns again as contract delays and smaller film budgets affect numbers ]]> https://www.proactiveinvestors.com.au/companies/news/215686/ffi-warns-again-as-contract-delays-and-smaller-film-budgets-affect-numbers-215686.html FFI Holdings Plc’s (LON:FFI) annual results this year to March will be lower than previously indicated due to weak revenues in the core film insurance business.

The film insurer warned over trading in December but said contract timing issues, smaller budgets and reserves for possible claims will also affect results this year.

FFI’s insurance agency business had also been hit by delays in some larger production titles scheduled for this quarter, which are now expected to fall into the next financial year.

All told, the combined impact on underlying earnings is expected to be approximately US$6mln.

Provisionally, FFI now expects underlying EBIT to be in the range of US$7.5-US$11.5mln, but added there remains a lot of uncertainty over the final outcome.

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Mon, 04 Mar 2019 08:02:00 +1100 https://www.proactiveinvestors.com.au/companies/news/215686/ffi-warns-again-as-contract-delays-and-smaller-film-budgets-affect-numbers-215686.html