Liberty Strategic Capital increases stake in Lions Gate Entertainment with acquisition of additional Class A Voting Shares

Company

Liberty Strategic Capital

Law Firm / Organization
Liberty Strategic Capital
Lawyer(s)

James L. Truslow V

Company

Lions Gate Entertainment Corp.

Law Firm / Organization
Dentons Canada LLP

On August 12, 2024, Liberty Strategic Capital, through its role as portfolio manager for Liberty 77 Fund L.P. and Liberty 77 Fund International L.P. (collectively, "Liberty Funds"), acquired 1,058,000 Class A Voting Shares of Lions Gate Entertainment Corp. This transaction increased Liberty Strategic Capital's control to a total of 13,255,125 Class A Voting Shares, representing approximately 15.86% of the total outstanding shares. Of the acquired shares, 828,798 were purchased on behalf of Liberty 77 Fund International, which now holds 10,381,681 Class A Voting Shares, or roughly 12.42% of the outstanding shares. The acquisition, constituting 1.27% of Lions Gate’s issued and outstanding Class A Voting Shares, was executed for investment purposes. Liberty Strategic Capital plans to continue evaluating its investment in Lions Gate and may adjust its holdings based on the company's performance and broader market conditions.

Transaction details, including the financial value, were not disclosed.

Financing/Investment
Other
Undisclosed/Confidential
Active