other material
confidence high
sentiment positive
materiality 0.15
Lionsgate shareholders approve split into Studio and Starz; closing expected May 5
STARZ ENTERTAINMENT CORP /CN/
- 99.82% of Class A and 99.27% of Class B shares voted for the plan of arrangement to separate New Lionsgate (studio) and Starz (formerly LGEC).
- Each Class A share converts into 1.12 new Lionsgate common shares and 1.12 Starz common shares; Class B receives 1:1 each.
- All 12 director nominees elected with at least 86.96% support; Ernst & Young reappointed as auditor (100% votes cast for).
- Advisory vote on executive compensation passed with 79.73% support; three new equity incentive plans approved (≥90.84% for).
- Transaction expected to close on or about May 5, 2025, subject to remaining customary conditions.