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NEWS
Disney rights issue raises 250m euros
POSTED 23 Feb 2005 . BY
The operator of the troubled Disneyland Resort Paris, Euro Disney SCA has successfully raised 253.3m euros (£176m, US$336m) through its rights issue, signalling the end of the company’s financial restructuring.

The company will now be able to press ahead with developments at its three parks, including the introduction of several new rides.

This year, the company will re-launch one of its most popular attractions as a completely new experience called Space Mountain: Mission 2. Then, in 2006, Buzz Lightyear’s Laser Blast – a ride-through attraction where guests help Buzz defend the universe against Emperor Zurg – will be introduced.

Walt Disney Studios Park will see the opening of Toon Studios in 2007 and and the Tower of Terror – a white-knuckle ride in a mysterious Hollywood hotel – in 2008.

The rights issue, launched on 20 February, offered existing shareholders the chance to purchase 2.8 billion new shares at 0.09 euros (£0.06, US$0.12) each – and was oversubscribed by 9 per cent.

Prior to the issue, the company’s second-largest shareholder, Prince Alwaleed Bin Talal, agreed to subscribe for up to 25m euros (£17m, US$33m) in additional shares in order to retain at least a 10 per cent ownership interest, while the largest shareholder, the Walt Disney company, undertook to subscribe to at least 100m euros (£70m, US$131m) of the rights issue.

The new shares will be admitted to trading on Euronext Paris and Euronext Brussels as of today (23 February). They will also be traded on the London Stock Exchange’s market for listed securities.

“We look forward to an exciting future as we begin an unprecedented, multi-year expansion of our resort offering,” said Andre Lacroix, chief executive officer of Euro Disney.

“Each of the years 2005-8 will bring even more rides and attractions to our resort. These investments, combined with an innovative marketing and sales strategy should set the foundation for sustained and profitable growth.”

MORE NEWS
The Everyday Heritage initiative celebrates and preserves working class histories
Off the back of the success of the first round of Everyday Heritage Grants in 2022, Historic England is funding 56 creative projects that honour the heritage of working-class England.
Universal announces long-awaited details of its Epic Universe, set to open in 2025
Universal has revealed it will be adding new Harry Potter attractions, alongside Super Nintendo and How to Train Your Dragon worlds to its Florida resort.
Heartbreak for Swedish theme park, Liseberg, as fire breaks out
A fire has destroyed part of the new water world, Oceana, at Liseberg in Sweden, and a construction worker has been reported missing.
Museum director apologises after comparing the city of Florence to a sex worker
Museum director Cecilie Hollberg has come under fire for comparing the city to a sex worker due to uncontrolled mass tourism.
+ More news   
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COMPANY PROFILES
Red Raion

Founded in 2014, Red Raion is the CGI studio for media-based attractions. [more...]
RMA Ltd

RMA Ltd is a one-stop global company that can design, build and produce from a greenfield site upw [more...]
Painting With Light

By combining lighting, video, scenic and architectural elements, sound and special effects we tell s [more...]
iPlayCO

iPlayCo was established in 1999. [more...]
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08-08 May 2024

Hospitality Design Conference

Hotel Melià , Milano , Italy
10-12 May 2024

Asia Pool & Spa Expo

China Import & Export Fair Complex, Guangzhou, China
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NEWS
Disney rights issue raises 250m euros
POSTED 23 Feb 2005 . BY
The operator of the troubled Disneyland Resort Paris, Euro Disney SCA has successfully raised 253.3m euros (£176m, US$336m) through its rights issue, signalling the end of the company’s financial restructuring.

The company will now be able to press ahead with developments at its three parks, including the introduction of several new rides.

This year, the company will re-launch one of its most popular attractions as a completely new experience called Space Mountain: Mission 2. Then, in 2006, Buzz Lightyear’s Laser Blast – a ride-through attraction where guests help Buzz defend the universe against Emperor Zurg – will be introduced.

Walt Disney Studios Park will see the opening of Toon Studios in 2007 and and the Tower of Terror – a white-knuckle ride in a mysterious Hollywood hotel – in 2008.

The rights issue, launched on 20 February, offered existing shareholders the chance to purchase 2.8 billion new shares at 0.09 euros (£0.06, US$0.12) each – and was oversubscribed by 9 per cent.

Prior to the issue, the company’s second-largest shareholder, Prince Alwaleed Bin Talal, agreed to subscribe for up to 25m euros (£17m, US$33m) in additional shares in order to retain at least a 10 per cent ownership interest, while the largest shareholder, the Walt Disney company, undertook to subscribe to at least 100m euros (£70m, US$131m) of the rights issue.

The new shares will be admitted to trading on Euronext Paris and Euronext Brussels as of today (23 February). They will also be traded on the London Stock Exchange’s market for listed securities.

“We look forward to an exciting future as we begin an unprecedented, multi-year expansion of our resort offering,” said Andre Lacroix, chief executive officer of Euro Disney.

“Each of the years 2005-8 will bring even more rides and attractions to our resort. These investments, combined with an innovative marketing and sales strategy should set the foundation for sustained and profitable growth.”

MORE NEWS
The Everyday Heritage initiative celebrates and preserves working class histories
Off the back of the success of the first round of Everyday Heritage Grants in 2022, Historic England is funding 56 creative projects that honour the heritage of working-class England.
Universal announces long-awaited details of its Epic Universe, set to open in 2025
Universal has revealed it will be adding new Harry Potter attractions, alongside Super Nintendo and How to Train Your Dragon worlds to its Florida resort.
Heartbreak for Swedish theme park, Liseberg, as fire breaks out
A fire has destroyed part of the new water world, Oceana, at Liseberg in Sweden, and a construction worker has been reported missing.
Museum director apologises after comparing the city of Florence to a sex worker
Museum director Cecilie Hollberg has come under fire for comparing the city to a sex worker due to uncontrolled mass tourism.
Populous reveals plans for major e-sports arena in Saudi Arabia
Populous have unveiled their plans for a state-of-the-art e-sports arena, designed to stand as a central landmark in Qiddaya City’s gaming and e-sports district, Saudi Arabia.
Raby Castle reveals ambitious plans to become a major visitor destination
Raby Castle, known as one of the finest medieval fortifications in England, is nearing the end of an ambitious two-year renovation project.
+ More news   
 
COMPANY PROFILES
Red Raion

Founded in 2014, Red Raion is the CGI studio for media-based attractions. [more...]
RMA Ltd

RMA Ltd is a one-stop global company that can design, build and produce from a greenfield site upw [more...]
Painting With Light

By combining lighting, video, scenic and architectural elements, sound and special effects we tell s [more...]
iPlayCO

iPlayCo was established in 1999. [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

08-08 May 2024

Hospitality Design Conference

Hotel Melià , Milano , Italy
10-12 May 2024

Asia Pool & Spa Expo

China Import & Export Fair Complex, Guangzhou, China
+ More diary  
 


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Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

ABOUT LEISURE MEDIA
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