Capital for expansion raised through successful new share sales to private investors.
PARIS -- Xilam Animation, a leading European animation studio, has secured a €22.33M capital increase through the selling of new shares to private investors. These funds will be allocated to a significant post-2019/2020 company expansion which will see Xilam build upon its current success in creating, producing and distributing original children’s and family entertainment and also enable the company to explore new acquisition and co-production opportunities.
In light of strong demand, Xilam issued 446,500 new shares for a total amount of €22.325 million, accounting for 9.09% of the Company’s share capital after the transaction. Following the capital increase, Marc du Pontavice, chairman, CEO and founder of Xilam, retains 54.31% of the voting rights in the company.
The transaction was executed by decision of the Board of Directors on June 26, 2018 and of the chief executive officer on June 26, 2018. Settlement/delivery of the new shares issued and their admittance to trading on Euronext Paris are scheduled for June 29, 2018. The new shares will bear current dividend rights and will be admitted for trading on the Euronext Paris.
Xilam’s share capital will comprise 4,911,500 shares following settlement/delivery. The transaction partners were EuroLand Corporate, Transaction Advisor, and Raymond James, lead arranger and bookrunner.
In accordance with the provisions of Article 211-3 of the General Regulation of the Autorité des Marchés Financiers, the Company's share offering in the context of this capital increase through private placement from qualified domestic and international investors on their own behalf in accordance with the regulatory conditions, does not give rise to an obligation to issue a prospectus for approval by the Autorité des Marchés Financiers.
Detailed information about the Company, particularly as regards its business, results and related risk factors, are described in the annual financial report for the fiscal year ended December 31, 2017. This document is available together with other regulated information and all of the Company’s press releases, on its website: www.xilam.com
Founded by du Pontavice in 1999, Xilam owns a catalogue of more than 2,000 animated episodes and three feature films including strong brands such as Oggy & the Cockroaches, Zig & Sharko, The Daltons and its first pre-school series, Paprika. Xilam employs more than 400 people, including 300 artists, who are based across its four studios located in Paris, Lyon, Angoulême and Ho-Chi-Minh City in Vietnam.