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(DQE.L) DQ Entertainment PLC Buy/Sell
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| Date/Time | Headline | Source |
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| 15-03-10 | RNS |
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RNS Number : 5485I DQ Entertainment PLC 15 March 2010
DQ Entertainment plc ("DQE") Price Discovery for IPO of DQ Entertainment (International) Limited ("DQEI") DQ Entertainment plc (AIM: DQE), the animation, gaming and entertainment production and distribution company, is pleased to announce that on 10 March 2010 DQEI closed the bid issue period of the initial public offering ("IPO") of its equity shares. Under the IPO, applications received amounted to 86.33 times the issue size. The details of the same are available on the websites of the Indian stock exchanges at www.bseindia.comand www.nseindia.com. In the issue, DQEI allocated 2,830,860 equity shares to Anchor Investors at the price of Rs. 80 per equity share. The price at which the equity shares will be issued has been determined at Rs. 80 per equity share in consultation with SBI Capital Markets Limited, the book running lead manager ("the BRLM"). The gross proceeds of the issue at the issue price shall amount to approximately Rs. 1,283 million (approximately GBP 18.87 million). The issue (including the pre-IPO placement of 3,772,771 equity shares at a price of Rs. 68.11 per equity share aggregating to Rs. 257 million, approximately GBP 3.78 million) shall constitute 25% of the post issue paid-up capital of DQEI. Accordingly, DQ Entertainment (Mauritius) Limited, a wholly owned subsidiary of DQE, will hold 75% of the post-issue paid-up capital of DQEI. At the issue price of Rs. 80 per equity share, the post issue paid-up capital of DQEI will be valued at Rs. 6,343 million (approximately GBP 93.27 million) Post the closure of the bidding period, DQEI will now file the prospectus with the Registrar of Companies, Andhra Pradesh, India ("ROC"). Subsequently, a basis of allotment will be filed with the Bombay Stock Exchange Limited ("the Listing Authority"). The BRLM, Karvy Computershare Private Limited (the registrars to the issue) and the Listing Authority shall ensure that allocation and allotment of shares is completed in a fair and proper manner in accordance with the SEBI (ICDR) Regulations. Post credit of shares and refund of residual funds to investors, DQEI will file the final listing application with the Listing Authority and thereafter the equity shares of DQEI will be listed and traded with the Listing Authority. Exchange rate conversion assumed at 1 GBP = Rs. 68 (approx) Change of name of AIM nominated adviser and broker DQE's AIM nominated adviser has changed its name from Blomfield Corporate Finance Limited to Religare Capital Markets (UK) Limited and its broker has changed its name from Religare Hichens, Harrison plc to Religare Capital Markets plc, both trading as Religare Capital Markets. DISCLAIMER DQEI, is proposing, subject to receipt of requisite approvals, market conditions and other considerations, an IPO of its equity shares in India and has filed a red herring prospectus ("RHP") with the Securities and Exchange Board of India ("SEBI"). The RHP is available on the website of SEBI at www.sebi.gov.inand on the website of the BRLM at www.sbicaps.com. This press release does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any equity shares, nor shall it or any part of it nor the fact of its distribution form the basis of, or be relied on in connection with, any contract or investment decision. Any potential investor should note that investment in equity shares involves a high degree of risk. For further details, potential investors should refer to the RHP, which has been filed with ROC, including the section titled "Risk Factors". This press release has been prepared for publication in India and the UK and may not be published or distributed in the United States of America and is not an offer or solicitation of an offer for sale of securities in the United States. The equity shares of the Company and DQEI have not been and will not be registered under the U.S. Securities Act of 1933, as amended or any state securities laws in the United States. This announcement does not constitute an offer of securities or sale in any jurisdiction, including the United States, and may not be offered or sold in the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act of 1933.
For further information, please contact:
Niranjan Prasad - VP Finance & Corporate Affairs
Religare Capital Markets
Nicholas Malins-Smith
James Wood
Alan MacKenzie
Peter Trevelyan-Clark
Derek Crowhurst
Buchanan Communications
Jeremy Garcia Miranda Higham This information is provided by RNS The company news service from the London Stock Exchange END
MSCSFSESLFSSEDD More |
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| 12-03-10 | RNS |
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RNS Number : 4779I DQ Entertainment PLC 12 March 2010
DQ Entertainment plc ("DQE") Successful completion of IPO of DQ Entertainment (International) Limited ("DQEI") DQ Entertainment plc (AIM: DQE), the animation, gaming and entertainment production and distribution company, is pleased to announce the successful completion of the Initial Public Offer ("IPO") of its Indian subsidiary DQEI on March 10, 2010.
As per the data available on the websites of the Indian stock exchanges at www.bseindia.com & www.nseindia.com, DQEI's IPO is over subscribed by 86.33 times. The break up of the over subscription is as follows:
Qualified Institutional Buyers(QIBs) 93.86
The equity shares of DQEI will be listed and traded on the Bombay Stock Exchange Limited. SBI Capital Markets Limited, the Book Running Lead Manager ("The BRLM"), Karvy Computershare Private Limited, the Registrars to the Issue and the executive director or the managing director of the Bombay Stock Exchange Limited shall ensure that the basis of allotment is finalized in a fair and proper manner in accordance with the SEBI (ICDR) Regulations. As announced on March 05, 2010, the price band for the IPO was Rs. 75 to Rs. 80 per Equity Share and the anchor investor portion of 2,830,860 Equity Shares was allocated to IDFC Small and Midcap Equity (SME) Fund, T Rowe Price International Discovery Fund, Birla Sunlife Equity Fund, Birla Sun Life MIP II - Savings 5 Plan, Morgan Stanley A.C.E. Fund, Axis Tax Saver Fund and Axis Equity Fund at a price of Rs. 80 per Equity Share (including share premium of Rs. 70 per Equity Share) raising a total Rs. 22.65 crores (approximately £3.29 million). DISCLAIMER DQEI, is proposing, subject to receipt of requisite approvals, market conditions and other considerations, an IPO of its equity shares in India and has filed a red herring prospectus ("RHP") with the Securities and Exchange Board of India ("SEBI"). The RHP is available on the website of SEBI at www.sebi.gov.inand on the website of the BRLM at www.sbicaps.com. This press release does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any equity shares, nor shall it or any part of it nor the fact of its distribution form the basis of, or be relied on in connection with, any contract or investment decision. Any potential investor should note that investment in equity shares involves a high degree of risk. For further details, potential investors should refer to the RHP, which has been filed with Registrar of Companies, Andhra Pradesh, including the section titled "Risk Factors". This press release has been prepared for publication in India and the UK and may not be published or distributed in the United States of America and is not an offer or solicitation of an offer for sale of securities in the United States. The equity shares of the Company and DQEI have not been and will not be registered under the U.S. Securities Act of 1933, as amended or any state securities laws in the United States. This announcement does not constitute an offer of securities or sale in any jurisdiction, including the United States, and may not be offered or sold in the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act of 1993.
For further information, please contact:
Niranjan Prasad - VP Finance & Corporate Affairs
Nicholas Malins-Smith
James Wood
Blomfield Corporate Finance Limited
Alan MacKenzie Peter Trevelyan-Clark Derek Crowhurst
Buchanan Communications
Jeremy Garcia Miranda Higham This information is provided by RNS The company news service from the London Stock Exchange END
MSCGGUCCWUPUPUG More |
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| 05-03-10 | RNS |
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RNS Number : 1959I DQ Entertainment PLC 05 March 2010 For Immediate Release 5 March 2010 DQ Entertainment plc ("the Company") Price band for the proposed Indian IPO of DQ Entertainment (International) Limited ("DQEI") DQ Entertainment plc (AIM: DQE), the animation, gaming and entertainment production and distribution company, is pleased to announce that the price band for the proposed initial public offering ("the Issue") of equity Shares of Rs. 10 each in DQEI ("Equity Shares") has been fixed at between Rs. 75 and Rs. 80 per Equity Share. A discount of Rs. 7 to the issue price determined pursuant to completion of the book building process has been offered to eligible employees of DQEI. The price band has been arrived at in consultation with SBI Capital Markets Limited, the book running lead manager ("BRLM"). DQEI has received subscriptions from certain investors in the anchor investor portion of the Issue. The anchor bid/issue opened and closed on 5 March 2010. DQEI, in consultation with the BRLM, allocated 2,830,860 Equity Shares to IDFC Small and Midcap Equity (SME) Fund, T Rowe Price International Discovery Fund, Birla Sunlife Equity Fund, Birla Sun Life MIP II - Savings 5 Plan, Morgan Stanley A.C.E. Fund, Axis Tax Saver Fund and Axis Equity Fund at a price of Rs. 80 per Equity Share (including share premium of Rs. 70 per Equity Share) raising a total Rs. 22.65 crores (approximately £3.29 million). As announced on 23 February 2010, the Company has completed a pre-IPO placement for Rs. 25.69 crores (approximately £3.725 million at current exchange rates) through a placement of 3,772,771 Equity Shares, with IDFC Investment Advisors Limited and other corporate investors and high net worth individuals. DISCLAIMER DQEI, is proposing, subject to receipt of requisite approvals, market conditions and other considerations, an IPO of its equity shares in India and has filed a red herring prospectus ("RHP") with the Securities and Exchange Board of India ("SEBI"). The RHP is available on the website of SEBI at www.sebi.gov.in and on the website of the BRLM at www.sbicaps.com. This press release does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any equity shares, nor shall it or any part of it nor the fact of its distribution form the basis of, or be relied on in connection with, any contract or investment decision. Any potential investor should note that investment in equity shares involves a high degree of risk. For further details, potential investors should refer to the RHP, which has been filed with Registrar of Companies, Andhra Pradesh, including the section titled "Risk Factors". This press release has been prepared for publication in India and the UK and may not be published or distributed in the United States of America and is not an offer or solicitation of an offer for sale of securities in the United States. The equity shares of the Company and DQEI have not been and will not be registered under the U.S. Securities Act of 1933, as amended or any state securities laws in the United States. This announcement does not constitute an offer of securities or sale in any jurisdiction, including the United States, and may not be offered or sold in the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act of 1993.
For further information, please contact:
Niranjan Prasad - VP Finance & Corporate Affairs
Rashida Adenwala - Head Company Affairs & Investor
Relations
Nicholas Malins-Smith
James Wood
Blomfield Corporate Finance Limited
Alan MacKenzie
Peter Trevelyan-Clark
Derek Crowhurst
Buchanan Communications
Jeremy Garcia Miranda Higham
This information is provided by RNS The company news service from the London Stock Exchange END
IOEDELFBBXFFBBK More |
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| 02-03-10 | RNS |
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RNS Number : 9350H DQ Entertainment PLC 02 March 2010 For Immediate Release 2 March 2010 DQ Entertainment (International) Limited("DQE") DQE secures second Iron Man animated season DQE, the animation, gaming, live action entertainment production and distribution company, in collaboration with their co-production partners Marvel Animation and Method Animation, are pleased to announce they will co-produce 26 all-new episodes for a second season of the popular animated series Iron Man due for broadcast in 2011. The first season of Iron Man: Armored Adventures debuted in the United States on Nicktoons Network in April 2009 and continues to air on broadcasters throughout the world Tapaas Chakravarti, Chairman & CEO of DQE Group said, "This Marvel Super Hero - Iron Man - has emerged as one of the most popular Super Heroes of recent times. Season 2 of this animated TV series will take Iron Man fans on a very different visual trip of high action sequences produced in high end CGI. We are extremely proud of this project, and look forward to adding further momentum to our relationship with Marvel Animation and Method Animation." Aton Soumache, Chairman & CEO of Method Animation stated, "We are very proud to renew our fruitful collaboration with Marvel Animation and DQE for Iron Man: Armored Adventures season 2. These new adventures will provide even more stunning visual effects and entertainment for the delight of all Iron Man fans." Eric Rollman, President of Marvel Animation stated, "With the premiere season cherished by fans of all ages across the globe, we are thrilled to work with DQE and Method to bring season two of Iron Man: Armored Adventures to our loyal fans. We have a lot more action and excitement planned for Season 2 and we are going to take the show to a whole new level."
Religare Hichens Harrison plc Blomfield Corporate Finance Limited
About DQE DQE is one of the leading producers of animation, visual effects, game art and entertainment content for the Indian as well as global media and entertainment industry. With a workforce of over 2800 permanent employees and a global client - partner base of over 90 producers, distributors, broadcasters and licensors including Walt Disney Television Animation, Nickelodeon Animation Studios Inc., Electronic Arts, Marvel Comics, American Greetings, NBC-Universal, BBC Group, M6/ France TV/ TF-1 Broadcasting groups from France, ZDF Germany and many more world-wide. DQE has produced/co-produced and distributed iconic brands such as Iron Man - the first 3D animated TV series, Twisted Whiskers, Mikido, Casper, Pinky & Perky, second season of Large Family, third season of Mickey Mouse Clubhouse and is now producing properties like Little Prince and Little Nicolas. DQE has a library of over 350 hours of international programs for distribution. DQE is also developing and producing 'The Jungle Book' as a 52 episode animated series and a 60 minute TV feature, Toomai-The Elephant Boy which is a live action TV series as well as Indian IPs which are on production like Mysteries of Feluda, and Omkar. DQE is currently developing, in collaboration with French production companies Method Animation and MK2, animated 104 six-minute episodes for worldwide distribution and exploitation inspired by the legendary film icon Charlie Chaplin's Hollywood films. DQE has received recognition and awards at several national and international forums. such as the EMMY Award and several nominations at the EMMY awards, The Pulicenella Award at Cartoons on the Bay international festival, Red Herring top 100 Private Companies in Asia 2005, ISO 9001: 2000 certification by M/s. Det Norske Veritas, Netherlands and several others. DQE's production facilities are based in Hyderabad, Mumbai and Kolkata and it has international sales representatives in Los Angeles, Paris and Tokyo. About Marvel Entertainment Marvel Entertainment, LLC, a wholly-owned subsidiary of The Walt Disney Company, is one of the world's most prominent character-based entertainment companies, built on a proven library of over 5,000 characters featured in a variety of media over seventy years. Marvel utilizes its character franchises in licensing, entertainment (via Marvel Studios and Marvel Animation) and publishing (via Marvel Comics). Marvel's strategy is to leverage its franchises in a growing array of opportunities around the world, including feature films, consumer products, toys, video games, animated television, direct-to-DVD and online. For more information visit www.marvel.com. DISCLAIMER: DQ Entertainment Ltd is proposing, subject to market conditions and other considerations, a public issue of the equity shares and has filed the Red Herring Prospectus with Registrar of Companies (ROC), Hyderabad. The Red Herring Prospectus will be available on the website of SEBI at www.sebi.gov.in, the website of the Book Running Lead Manager at www.sbicaps.com, and the website of the Company at www.dqentertainment.com. This press release does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any equity shares, nor shall it or any part of it nor the fact of its distribution form the basis of, or be relied on in connection with, any contract or investment decision. The Equity Shares have not been and will not be registered under the US Securities Act ("the Securities Act") or any state securities laws in the United States and may not be issued or sold within the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1993. Any potential investor should note that investment in equity shares involves a high degree of risk. For details, see the section titled "Risk Factors" of the Red Herring Prospectus, which has been filed with the Registrar of Companies. END This information is provided by RNS The company news service from the London Stock Exchange END
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| Fri 23:18 |
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How Long Before Punters in India Realise that buying DQE shares is the cheaper option and pile in?
When this happens, watch it fly! |
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| Fri 23:15 | ||||
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Add the worth of DQE's share of the subsidiary to the DQE's price (say a £1) and the total is almost £3!
Two quid soon I hope |
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| Fri 08:32 |
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Mantrova - you should post your last message on Eros board - itl put it all in perspective.
J |
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| 11-03-10 |
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I see that HB today confirm the 84 times oversubscription with a an almost poetic understatement, to the effect that the Indian IPO of its Indian subsidiary has "gone rather well" .......I love it!
They go on to say that the Indian IPO values the group's Indian subsidiary at some £53m and modestly say ......"sufficient to maintain our "BUY" recommendation". All credit to HB in having been clear advocates of the merits of DQE for quite some time now. At 123p, DQE here in the UK is valued at only £44m...... m |
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