TIDMFFI
RNS Number : 6267R
FFI Holdings PLC
15 June 2018
FFI Holdings PLC
("FFI" or "the Group")
Exercise of Options and Director/PDMR Dealing
London, 15 June 2018- FFI Holdings PLC (AIM: FFI), the leading
provider of diversified services to the makers of film, TV,
mini-series and online media, announces that the Company has been
notified that Tim Trankina, Chief Financial Officer, Anthony
Mitchell, Chief Operating Officer, and Kevin Hyman, CEO of
subsidiary Pivotal Post, have exercised 765,247, 340,110 and
557,780 options respectively over ordinary shares of 1 pence each
in the Company ("Ordinary Shares") at a price of 30 pence per
Ordinary Share. These options were issued at the time of the IPO to
replace pre-IPO arrangements and expire on 15 June 2018. The Group
has agreed to satisfy the exercise of options on a cashless basis
and is thereby issuing 778,995 new Ordinary Shares.
Application has been made for the 778,995 new Ordinary Shares to
be admitted to trading on AIM and dealings are expected to commence
on 21 June 2018 ("Admission"). The new Ordinary Shares will rank
pari passu with the existing Ordinary Shares of the Company.
Following Admission, the Company's issued share capital will
consist of 157,820,243 Ordinary Shares. Accordingly, the figure of
157,820,243 may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in the
Company.
About FFI Holdings PLC
FFI Holdings PLC (FFI) is a leading provider of diversified
services to the makers of film, TV, mini-series and online media
content, providing support to producers, financiers and
distributors across the whole production cycle.
Founded as Film Finances Inc. in London in the 1950s, FFI has
since grown to become the world leader in entertainment production
completion contracts, which offer assurance to financiers that
productions will be completed on time and on budget. These
guarantees serve to offload risks to production budgets and
schedules for financiers, as well as for FFI through long-standing
insurance relationships.
In just the past decade, FFI has issued completion contracts to
all the leading financiers involved in the entertainment industry,
unlocking funding for over 1,800 productions with gross production
budgets estimated to be in excess of US$19bn. 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).
Through its subsidiary, Reel Media LLC, the company is also one
of the largest providers of entertainment insurance, offering
innovative and competitive commercial insurance products for
entertainment, film, television, sports, motorsports and leisure
companies.
FFI is also a global provider of an array of non-creative
ancillary services, driven by a series of acquisitions over the
past two years, including that of equipment rental and software
provider Pivotal Post, post-editing machine rental business EPS
Cineworks, post-production services company Buff Dubbs.
FFI also invests in original entertainment content, most notably
via the recent release of its latest project, Pandas, a documentary
developed in partnership with IMAX. The Company is also one of the
leading names in UK film distribution via its subsidiary, Signature
Entertainment.
From its UK roots and its dominant presence in the American
independent entertainment industry, FFI continues to expand its
business globally and is now present in China, where it provides a
growing range of entertainment-related services and is the sole
non-domestic provider of completion contracts to the domestic film
making industry.
Over successive decades FFI has grown globally to become a
trusted, iconic brand at the centre of the film and TV industry.
Incorporated in the UK and headquartered in Hollywood, USA, FFI has
11 offices globally, including in Stockholm, Toronto, New York,
Cape Town, Cologne and Shanghai. FFI Holdings PLC listed on the
London Stock Exchange in June 2017 where its shares are traded
under the stock exchange ticker 'FFI'.
ENQUIRIES:
Hawthorn Advisors (Public Relations) FFI Holdings PLC
Andrew Orchard David Sasso, Head of Investor Relations
+44 (0) 20 3745 4960 +1 310 275 7323
Victoria Ainsworth
+44 (0) 20 3745 3815
Liberum (Nominated Adviser and Corporate Broker)
Steve Pearce
Joshua Hughes
+44 (0) 3100 2000
Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Antony Mitchell
--------------------------------------- -------------------------------------------
Reason for the notification
------------------------------------------------------------------------------------
a) Position / status Director and Chief Operating Officer
--------------------------------------- -------------------------------------------
b) Initial notification Initial notification
/ amendment
--------------------------------------- -------------------------------------------
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------------
a) Name FFI Holdings PLC
--------------------------------------- -------------------------------------------
b) Legal entity identifier 213800JKF75R99KO9293
--------------------------------------- -------------------------------------------
Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
------------------------------------------------------------------------------------
a) Description of the Ordinary shares of GBP0.01 each
financial instrument,
type of instrument
Identification code GB00BF04DT64
--------------------------------------- -------------------------------------------
b) Nature of the transaction Exercise of options
--------------------------------------- -------------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
--------------------------------------- ------------------- -------------------
n/a 159,304
---------------------------------------------------------------- -------------------
e) Aggregated information
* Aggregated volume N/A (single transaction)
* Aggregated price
* Aggregated total
---------------------------------------
f) Date of the transaction 13 June 2018
--------------------------------------- -------------------------------------------
g) Place of the transaction Outside a trading venue
--------------------------------------- -------------------------------------------
Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Tim Trankina
--------------------------------------- --------------------------------------
Reason for the notification
-------------------------------------------------------------------------------
a) Position / status Chief Financial Officer
--------------------------------------- --------------------------------------
b) Initial notification Initial notification
/ amendment
--------------------------------------- --------------------------------------
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------
a) Name FFI Holdings PLC
--------------------------------------- --------------------------------------
b) Legal entity identifier 213800JKF75R99KO9293
--------------------------------------- --------------------------------------
Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
-------------------------------------------------------------------------------
a) Description of the Ordinary shares of GBP0.01 each
financial instrument,
type of instrument
Identification code GB00BF04DT64
--------------------------------------- --------------------------------------
b) Nature of the transaction Exercise of options
--------------------------------------- --------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
--------------------------------------- ----------------- ----------------
n/a 358,433
-------------------------------------------------------------- ----------------
e) Aggregated information
* Aggregated volume N/A (single transaction)
* Aggregated price
* Aggregated total
---------------------------------------
f) Date of the transaction 13 June 2018
--------------------------------------- --------------------------------------
g) Place of the transaction Outside a trading venue
--------------------------------------- --------------------------------------
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END
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June 15, 2018 12:55 ET (16:55 GMT)
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