Prime Focus, the world’s largest integrated media services company, has received an approval to divest its entire holding of 21,492,003 ordinary shares held in Prime Focus London Plc, a company incorporated in the UK and a subsidiary of the company at a total consideration of 399,751.26 pound.
The board of directors of the company through Circular Resolution held on March 31, 2015, had approved for the same. The above is in line with the direction provided by the board to the management as per the resolution dated August 28, 2014 to divest / monetize this non-core business.
Prime Focus is a global visual entertainment services group that provides creative and technical services to the film, broadcast, and advertising market. The group offers a genuine end-to-end solution from pre-production to final delivery including visual effects, 2D to 3D conversion, video and audio post production, equipment hire, multi-platform content operations solutions and digital distribution.
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