Disposition of Class B Shares of Lions Gate Entertainment Corp.
10 Octubre 2024 - 6:01PM
Shapiro Capital Management LLC (“
Shapiro”)
announces that:
(a) |
On October 3, 2023, Shapiro disposed of 18,500 Class B non-voting
shares (“Class B Shares”) of Lions Gate
Entertainment Corp. (the “Issuer”) at an average
price of CDN$10.08 per Class B Share, representing an aggregate
price of CDN$185,561.26, which represented approximately 0.01% of
the issued and outstanding Class B Shares of the
Issuer. Immediately before the acquisition, Shapiro had
control over, but not ownership of, 18,864,475 Class B Shares,
which represented approximately 12.46% of the issued and
outstanding Class B Shares of the Issuer. Immediately following the
acquisition, Shapiro had control over, but not ownership of,
18,845,795 Class B Shares of the Issuer, which represented
approximately 12.46% of the issued and outstanding Class B Shares
of the Issuer. |
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|
(b) |
On September 12, 2024, Shapiro disposed of 50,000 Class B Shares of
the Issuer at an average price of CDN$9.23 per Class B Share,
representing an aggregate price of CDN$459,512.46, which
represented approximately 0.03% of the issued and outstanding Class
B Shares of the Issuer. Immediately before the acquisition,
Shapiro had control over, but not ownership of, 15,320,433 Class B
Shares, which represented approximately 9.80% of the issued and
outstanding Class B Shares of the Issuer. Immediately following the
acquisition, Shapiro had control over, but not ownership of,
15,270,433 Class B Shares of the Issuer, which represented
approximately 9.77% of the issued and outstanding Class B Shares of
the Issuer. |
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|
As of October 9, 2024, Shapiro has control over,
but not ownership of, 15,270,433 Class B Shares of the Issuer,
representing approximately 9.77% of the issued and outstanding
Class B Shares of the Issuer.
Shapiro disposed of the Class B Shares through
the New York Stock Exchange for investment purposes in the normal
course of its business and not with the purpose of influencing the
control or direction of the Issuer. Shapiro may in the future,
subject to market conditions, make additional investments in or
dispositions of the Issuer’s securities for hedging and other
investment purposes.
This news release is issued by Shapiro pursuant
to the requirements of National Instrument 62‐103 The Early Warning
System and Related Take‐Over Bid and Insider Reporting Issues.
Further details regarding the dispositions of the Class B Shares
described above and a copy of the early warning report filed under
applicable Canadian securities laws in connection with the
acquisitions are available on the Issuer’s profile on SEDAR+ at
www.sedarplus.ca or to obtain a copy of the early warning report
filed in conjunction with this news release, please contact Louis
Shapiro.
Shapiro Capital Management LLC 3060 Peachtree Rd NWSuite
1555Atlanta GA 30305USA
Press ContactLouis Shapiro,
Shapiro Capital Management LLC, telephone (404) 842-9600,
louis@shapirocapital.com