Sign up Australia
FFI Holdings Plc (ISE:FFI)

FFI Holdings Plc (ISE:FFI)


Share Price
40.000 p
Change
0 (0.00 %)
Market Cap
£63.13 m
Proactive Investors - Run By Investors For Investors

FFI Holdings Plc RNS Release

Letter of Intent Signed


RNS Number : 6383R
FFI Holdings PLC
25 September 2017
 

 

 

Press Release

                                                                                                                                                                       

FFI HOLDINGS PLC SUBSIDIARY SIGNS BINDING LOI TO ACQUIRE LEADING EDITING AND POST PRODUCTION COMPANY

 

FFI Holdings PLC ("FFI") the world leader in the provision of completion contracts to the entertainment industry for films, television, mini-series and streaming product, announces today that it has signed a binding LOI to acquire a full service digital post production and editorial facility servicing numerous theatrical and television productions. The acquisition will greatly enhance FFI's growing ancillary services business.

The company has a significant presence in North America and is at the forefront of post-production services and technology with strong relationships in television and independent projects.

The managers of the company will continue to oversee the operations of the company going forward. The Company anticipates closing the transaction during its fiscal third quarter 2018 (calendar year end 2017).

Steven Ransohoff, CEO of FFI commented, "Once completed, this acquisition will allow us to expand our ancillary services and will offer great synergies with our Pivotal Post acquisition earlier this year. We look forward to announcing additional deals in the near future."

 

 

About FFI Holdings PLC

 

FFI Holdings PLC (AIM: FFI) is the holding company of Film Finances Inc. (FFI), the world's leading provider of completion contracts to the entertainment industry, which offer assurance to the financiers of film, TV, mini-series and online media content that productions will be completed on time and on budget. These contracts serve to offload risks to production budgets and timelines for financiers, as well as for FFI through long-standing insurance relationships.

 

Since its founding in the 1950s, FFI has issued contracts on approximately 1,700 productions with gross budgets in excess of US$17 billion. These include many of the film industry's best known-titles, ranging from the first Bond movie (Dr. No, 1962) to The Hunger Games (2012) and Oscar winning films such as 12 Years a Slave (2013) and La-La Land (2016).

 

Over successive decades FFI has grown globally to become a trusted, iconic brand at the centre of the film industry. Headquartered in Los Angeles, USA, it has 11 offices globally, including in London, Stockholm, Toronto, New York, Cape Town, Cologne and Shanghai.

 

 

 

 

ENQUIRIES:                                                                                                       

Hawthorn Advisors (Public Relations)                                   

Andrew Orchard                             

+44 (0) 20 3745 4960

 

Victoria Ainsworth

+44 (0) 20 3745 3815

 

FFI Holdings PLC

David Sasso, Head of Investor Relations

+1 310 275 7323 x292

 

Liberum Capital Limited (Nomad & Broker)       

Steve Pearce

Joshua Hughes

Tel: +44 (0) 20 3100 2000

               

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
LOIEANNLAEDXEFF

FFI Holdings Plc Timeline

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use