Fashion On Screen Plc (“FOS”), the film and entertainment company which is listed on the Vienna Stock Exchange, is pleased to announce that it has secured a $55m loan facility for film funding with a respected financial services group based in New York, USA.
The funds will be used for feature film production, with the first film scheduled to go into pre-production this summer being REVolution, set in pre-Revolutionary Havana. REVolution will be produced by FOS Director Paul Tucker and directed by Peter Macdonald and is intended for global commercial release in 2020.
Nevern Johns, Managing Director of FOS, said: “I am delighted that we have been able to have concluded the establishment of a film funding credit line. This money will allow us to fulfil our current film projects and will give the Company a firm footing going forward.”
THE DIRECTORS OF THE ISSUER ACCEPT RESPONSIBILITY FOR THE CONTENTS OF THIS ANNOUNCEMENT
For further information:
City Road Communications Ltd
Tel: 020 7248 8010
Capital Market Coach:
Keswick Global AG firstname.lastname@example.org
Tim Curle / Klaus Schwerdtfeger Tel: +43 1 740 408 045
1. The Company is listed on the Direct Market of the Vienna Stock Exchange (Wiener Borse): https://www.wienerborse.at/en/market-data/shares-others/quote-direct/?ISIN=GB00BDDVW715&ID_NOTATION=262378934
2. The company’s Ticker code is FOS and the ISIN is GB00BDDVW715.
3. Shareholding in FOS Plc is administered by registrars Avenir (https://avenir-registrars.co.uk/) and all share transactions processed by the Company’s appointed brokers, Optiva Securities (https://www.optivasecurities.com/).