(CFL.L) ContentFilm PLC Buy/Sell

RNS Number : 5163B Contentfilm PLC 28 October 2009

Date: 28 October 2009
On behalf of: ContentFilm PLC ('the Company', 'the Group' or 'Content')

ContentFilm PLC

Result of AGM

ContentFilm Plc is pleased to announce that at the Annual General Meeting which was held today all resolutions were duly passed.

RNS Number : 4912B Contentfilm PLC 28 October 2009

Date: 28 October 2009
On behalf of: ContentFilm PLC ('the Company', 'the Group' or 'Content')
Embargoed until: 1030hrs

ContentFilm PLC

AGM Statement and Trading Update

Speaking at today's Annual General Meeting John Schmidt, the Chief Executive Officer of ContentFilm, will update shareholders as follows:

"Our financial year ended 31 March 2009 represented a year of reorganisation for ContentFilm and our financial results reflected our restructuring efforts. We restructured our loss-making US home entertainment operations twice during

the year, and are pleased to have no further capital exposure to the sector whilst retaining a meaningful investment in a growing North American film and home video distribution company, Phase 4 Films ('Phase 4'). To complement our existing fictional strength, our television division has started to build a non-fiction business together with a specialist

acquisition and distribution team to grow our presence in this increasingly important television sector. To add to our non-fiction offering, we made a direct investment in a factual television production company, Collins Avenue. In our film division, we moved our sales and acquisition focus to our LA office as we sought to acquire more and bigger budgeted films with an enhanced international flavour.

"This reorganisation was undertaken against a backdrop of an increasingly difficult economic climate. Allied to the restructuring matters already noted, the Company also undertook a cost cutting exercise across all its divisions. Since we began our reorganisation, inclusive of the Allumination restructuring, staff levels have been reduced by around 55%; this includes a 12.5% reduction in our film and television divisions.

"The Company emerges from this reorganisation as a leaner Company with two main trading divisions - film and television - together with its investment in Phase 4, which manages the Company's ongoing US DVD library. In terms of the weight of revenue and profits between our two main trading divisions, the Company is now predominantly a television company; over 85% of our trading revenues and most of our profits arise from this division. Whilst we see expansion opportunities in our film division, we will concentrate on our television division as the main area of growth for the future.

"The losses arising from our US home entertainment restructuring and the capital investment required to build our television division, saw the Company's senior debt expand to £24m ($US 35m) at our 2009 year end. A prime objective of the Company over the coming period is to drive this debt down through cost efficiencies, cash generative trading and alternative means of financing our product acquisitions. The Company continues to have ample liquidity for its current working capital requirements under its senior loan facility which matures in 2013, providing time for us to plan and execute the lowering of our debt level over the longer term. Our debt, which we hold in US dollars, has been stable at around $US 35m since 31 March but will fall in UK sterling from the £24m reported at 31 March 2009 due to the depreciation of the US dollar against UK sterling over the April-September 2009 period.

"Trading within our film and television divisions for the half year ended 30 September has been solid and revenues are expected to be around the same level as that experienced in the corresponding period last year, whilst margins will be somewhat down due to lower levels of higher margin library income. Revenues related to our US home entertainment division will be significantly down this year versus last year due to the restructuring, but margins on this lower revenue will be significantly higher than last year. Group operating expenses will be significantly lower this year now the restructuring has been completed, although expenses related to our film, television and corporate divisions are expected to be stable in UK Sterling, due to the appreciation of the US dollar this half year compared to last year. Interest charges are expected to be higher than in last year's corresponding period due to higher debt levels and the appreciation of the US dollar this year compared to last year. Taken altogether we expect our normalised first half year results to show stability in relation to revenues, although profitability levels are expected to be lower than last year. As mentioned in our Preliminary Statement, our expectations are for a stronger second half when all of our major television series will be delivered.

"Highlights in our television division have included the acquisition of several new major television series, including the third seasons of "The Border" and "Heartland" and the first season of new series "The Republic of Doyle". These three series are due for delivery in the second half and contracted sales on the three series are already pleasing. Our non-fiction catalogue is expanding rapidly. We have recently acquired several new series including "Wildlife Warriors" and "Wild Weddings" together with one hour shows "Hunting the Lost Symbol" and "I Know What I Saw". Sales prospects for our non-fiction division at the recent MIPCOM television market were encouraging. We are also pleased that Collins Avenue has successfully procured its first US network broadcast commission for "Fly Girls", an entertaining expose of life as a Virgin America air-line stewardess. Revenues on this series and potential international sales are also predicted in the second half. Our digital division continues from strength to strength and is building an enviable library of product including "Valemont", "Shadow Line" and several other libraries of digital product. Additionally, the third party libraries that we manage on behalf of other clients, including the CBC library and the Harmony Gold library, continue to trade well.

"Highlights in our film division have included the recent acquisition of the genre film "The Fallout" to be directed by Xavier Gens (director of the US$92 million box office success "Hitman") and the acquisition of action film "Ironclad" starring Paul Giamatti and James Purefoy. The latter film started shooting two weeks ago and is one of the largest budget films in the UK independent market and reaction has already been extremely positive. Additionally we have picked up a number of other titles including "Heartless" starring Jim Sturgis ("21"), "The World's Greatest Dad" starring Robin Williams, "When You're Strange - A Film About The Doors" narrated by Johnny Depp, "Balibo" starring Anthony LaPaglia, "Matching Jack" starring James Nesbit, "Last Ride" starring Hugo Weaving, "Gaia" and "Love The Beast" starring Eric Bana. We are also expecting to announce one or two new films ahead of next month's American Film Market. We have recently taken delivery of several of our bigger titles this year including "Extract" (released in the US by Miramax), the Cannes Jury Prize winning "Fish Tank", the Oscar winning "Departures" and the Berlin Silver Bear and Deauville Grand Prix winning "The Messenger". Taken as a whole, the division's new films are performing much better this year compared to last year. Additionally the feature film library, now encompassing around 150 titles, continues to trade well.

"We are pleased with our investment in Phase 4. It has stabilised following its establishment last April and is meeting internal expectations and developing well across North America. Whilst we do not consolidate the results of Phase 4 into our financial statements, we are pleased with what we believe is an increasing value in our investment. Additionally, the results and monetisation of our previously acquired Allumination US DVD library, still owned by the Company but managed through Phase 4, are meeting our expectations.

"Market conditions continue to be challenging but in this particularly difficult economic climate, ContentFilm has successfully restructured and reorganised its operations and has remained stable over the recent period. We expect growth to recommence in the second half of this financial year, whereupon we hope to further expand our activities and quickly grow our business back to previous levels."

RNS Number : 4871A Contentfilm PLC 08 October 2009

8th October 2009

ContentFilm Plc ("the Company")

Notice of AGM & EGM

ContentFilm Plc announces that it posted the shareholders notice of the Annual General Meeting on September 30 2009, together with the Annual Report. The AGM will be held at the offices of Olswang LLP, 90 High Holborn, London WC1V 6XX on 28 October 2009, commencing at 10.30 a.m. The AGM will be followed by an EGM to consider the Company's position in accordance with Section 142 Companies Act 1985, the details of which are included in the letter to shareholders accompanying the EGM Notice.

The notice of AGM and EGM together with the letter accompanying the EGM Notice are also available on the Company's website: www.contentfilm.com

For further information please contact:

Enquiries:

John Schmidt/ Geoff Webb

ContentFilm PLC

Tel: 020 7851 6500

Emma Kane/ Sanna Sumner/ Anna Dunkin

Redleaf Communications Ltd

Tel: 020 7566 6700

Philip Secrett/ Colin Aaronson

Grant Thornton Corporate Finance

Tel: 020 7383 5100

Jeremy Read

Throgmorton Street Capital

Tel: 020 7070 0973

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

NOAILFISITLTIIA

RNS Number : 9685Z Contentfilm PLC 30 September 2009

30th September 2009

ContentFilm Plc ("the Company")

Annual Report

ContentFilm Plc announces that the annual report of the Company for the year ended 31 March 2009 has today been posted to shareholders.

The annual report is also available on the Company's website: www.contentfilm.com

For further information please contact:

Enquiries:

John Schmidt/ Geoff Webb

ContentFilm PLC

Tel: 020 7851 6500

Emma Kane/ Sanna Sumner/ Anna Dunkin

Redleaf Communications Ltd

Tel: 020 7566 6700

Philip Secrett/ Colin Aaronson

Grant Thornton UK LLP

Tel: 020 7383 5100

Jeremy Read

Throgmorton Street Capital

Tel: 020 7070 0973

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

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