BRITISH COMPANY MOVES SHARE LISTING
UK based FOS Holdings plc (FOS) has switched its share listing to the Cyprus Stock Exchange from the Vienna Stock exchange and is returning to its roots as a film and entertainment company.
Formerly known as Fashion On Screen, it originally spun off its film and entertainment interests into a new company named Shepperton Media to enable it to look at investment opportunities in other sectors.
But following an in depth review it has decided to revert to the sector it knows best and has moved to the Cyprus Emerging Companies Market to enable it to raise funds to invest in producing content for the booming streaming market as well as the traditional cinema and theatre industries.
FOS Managing Director, Nevern Johns said: “We decided to make the move as we believe a listing in Cyprus offers more opportunities to raise funds as we seek to grow the company across the UK and Europe.
“We will be looking at joint ventures as well as sourcing and backing new films and theatre productions. We believe that the market is opening up and providing excellent opportunities as television competes for original content with the streaming companies”.
He said the company also likely to seek a secondary listing either in Europe or the UK in the New Year to complement its acquisition plans.
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