A technician demonstrates the process of 3D printing in the Propshop headquarters at Pinewood Studios near London. PHOTO: FILE
Synonymous for many Britons with the heyday of British cinema, Pinewood’s first four studios were built in the 1930s at its site west of London and the company has since grown with facilities in the United States, Canada, Malaysia and the Dominican Republic.
The 007 stage at Pinewood, one of the largest in Europe, was first built for the 1976 Bond movie The Spy Who Loved Me and has been used by numerous films since, including The Da Vinci Code and Lara Croft Tomb Raider.
Pinewood said in February it was seeking a takeover to boost shareholder value and help it grow, and would recommend shareholders to accept the offer from PW Real Estate Fund. Pinewood shareholders will receive 560 pence in cash for each share plus a final dividend of 3.2 per share.
As a result of a failed takeover attempt in 2011, Pinewood’s biggest shareholder Peel Group owns 39% and Warren James Holdings has 26%, Reuters data showed. Pinewood said both had accepted the offer. As well as its 20 stages at Pinewood, the group also boasts underwater filming facilities, television and film post-production and editing and recording services for the computer games industry.
Published in The Express Tribune, July 31st, 2016.
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