Zinkia, a Spanish company specializing in entertainment brand production and management and creator of the multi award-winning property Pocoyo, has received authorization from the US securities market regulator, SEC (the Securities Exchange Commission), for an issue of Level-1 ADRs (American Depositary Receipts) on Zinkia shares earmarked for placement among US investors.
Press Release from Zinkia
Madrid, 10 November, 2011.- Zinkia, a Spanish company specializing in entertainment brand production and management and creator of the multi award-winning property Pocoyo, has received authorization from the US securities market regulator, SEC (the Securities Exchange Commission), for an issue of Level-1 ADRs (American Depositary Receipts) on Zinkia shares earmarked for placement among US investors. Each ADR will represent 5 Zinkia ordinary shares and will be listed on the Over the Counter markets (OTC) of the New York Stock Exchange.
An ADR is a physical certificate that endorses the deposit of shares in a US bank for companies that have been established outside the United States. In the case of Zinkia, the depository institution for the ADRs is The Bank of New York Mellon, while the custodian in Spain for the underlying shares is the BBVA. ADRs are traded and settled in accordance with the regulation of US stock exchanges and speeds up payments of dividends in American dollars.
This transaction will let the production company diversify its investment base, as well as improve its positioning in the US market, essential for company development. This operation does not involve a capital increase or an increase in financing for Zinkia, as it is executed on existing shares.
ZinkiaZinkia, a Spanish company specializing in the international production and management of entertainment brands, centers its activities on the world of animation and interactive contents, including console games and online communities. Founded in 2001 and with headquarters in Madrid and a commercial office in Peking (China), Zinkia is present in over 100 countries and has a solid international track record in disseminating audiovisual contents and their associated brands. Meriting special mention among these brands are the much-awarded Pocoyo and the successful Shuriken School. Pocoyo, which originally started off as a television series, is today an entertainment brand with an international and multiplatform concept. Pocoyo has become one of the most successful Spanish animated productions ever, accumulating prizes as prestigious as the Annecy Cristal and the BAFTA Prize awarded by the British Academy, both for the Best Animated Series. At present, the Company is working on new animation series. In addition to audiovisual projects, Zinkia creates, develops and produces console videogames. Meriting mention in this area are Playchapas for PSP and Hello Pocoyo! for Nintendo DS.
Pocoyo, Learn by LaughingThe Pocoyo series is comprised of three seasons with 52 seven-minute episodes. Pocoyo also has its own 25-minute short, Pocoyo and the Space Circus. They were all executed using 3D Softimage XSI technology and rendered with Arnold. Pocoyo, which was originally started as a television series, today represents much more than that: an entertainment brand with an international and multiplatform design. Pocoyo has become one of the most successful Spanish animated productions ever, accumulating prizes as prestigious as the Annecy Cristal and the BAFTA Prize awarded by the British Academy, both for the Best Animated Series. Other noteworthy awards include the three Pulcinella Prizes received at the Italian Cartoons on The Bay Festival, the prize for Best Animation Promo from Promax BDA, the Parents’ Choice obtained in the United States and the two prizes won in China: the CICDAF Prize awarded by the China International Animation and Digital Arts Festival (Official Prize organized by the Ministry of Culture of the Central Chinese Government) and the Silver Prize for the Best Foreign Animation Series at the Shanghai Television Festival. The animated contents of Pocoyo has an educational and entertaining focus, where the curiosity of the young protagonist, accompanied by his inseparable friends, Elly, Pato, Loula and Sleepy Bird, as well as Fred the Octopus, Little Bird and Caterpillar, among others, generates an endless number of stories in a world created for him, where all types of situations unravel in a world replete with colors, shapes and music, with a striking and beautiful visual language. The series shows a small boy’s discoveries in the world surrounding him. It handles issues of curiosity, imagination, honesty, interest, tolerance, respect and love. In this sense, it was a series designed and created to teach children to learn while laughing.