e tv (Pty) Ltd. operates a free-to-air commercial television station in South Africa. It broadcasts movies, soapies, special movie festivals, competitions, and themed evening programmes; and local, international, reality, and sports shows. The company was founded in 1998 and is based in Cape Town, South Africa.
Cape Town, 8001
Founded in 1998
Southern African Clothing and Textile Workers Union To Acquire Stake In Hosken Consolidated’s Media Investments
May 20 13
Southern African Clothing and Textile Workers Union may acquire a stake in the media investments of Hosken Consolidated Investments Limited (JSE:HCI). Southern African Clothing and Textile has expressed an interest in acquiring stake in Sabido Investments, which is the investment vehicle that currently houses Hosken Consolidated's media investments, including inter alia, e tv (Pty) Ltd, Yired (Proprietary) Limited and Sasani Studios (Pty) Ltd.
New Frontier Media, Inc. Files lawsuit in the United States District Court for the District of Colorado against Hosken Consolidated Investments Limited, its Executive Chairman Marcel Golding, Longkloof Limited, Mile End Limited, e tv (Pty) Ltd and Various Associated Persons
May 31 12
New Frontier Media Inc. filed a lawsuit in the United States District Court for the District of Colorado against the publicly-traded South African conglomerate, Hosken Consolidated Investments Limited, its Executive Chairman Marcel Golding, Longkloof Limited, Mile End Limited, e tv (Pty) Ltd, Adam Rothstein, Eric Doctorow, Mahomed Khalik Ismail Sheriff, Willem Deon Nel, and Barbara Wall alleging violations of the U.S. federal securities laws. In the complaint, New Frontier Media alleges that Hosken, Longkloof, Marcel Golding, Adam Rothstein and the other defendants have been acting as a group in connection with their involvement in a hostile takeover offer for the Company and a threatened proxy contest against the Company. The suit alleges that the defendants violated Section 13(d) of the Securities Exchange Act of 1934 by not properly reporting their identity activities as a "group," including that they have failed to disclose that their efforts to acquire control of the Company, whether through a hostile takeover offer or a proxy contest for control of the Company's Board, are being directed and coordinated by Adam Rothstein. The suit also alleges that the purported notice of director nominations provided to New Frontier Media by a Hosken affiliate does not comply with the advance notice of requirements contained in the Company's Amended and Restated Bylaws since it does not disclose Adam Rothstein's involvement in the threatened proxy contest or provide any of the disclosures required by the Bylaws to be made with respect to Adam Rothstein. The suit seeks declaratory and injunctive relief. New Frontier Media believes that the defendants threatened proxy contest, together with its numerous inflammatory statements attacking the Company, is an attempt to pressure the Company to pre-empt its on-going process for reviewing strategic alternatives, give favorable consideration to the Hosken /Rothstein group's unsolicited, non-binding, conditional acquisition proposal and, accordingly, further the self-interested agenda of the Hosken /Rothstein group to gain control of New Frontier Media. Since receiving the purported notice of nomination, the Special Committee of independent directors that is overseeing the review of strategic alternatives available for the Company has been, with the assistance of its counsel, reviewing the purported notice of nomination against the requirements of New Frontier Media's Bylaws. As a result of such review, the Special Committee believes that the purported notice does not comply with the Bylaws and that it is necessary and appropriate, due to the significant potential for uncertainty and confusion and the need for the Company to incur substantial expenses to plan for a proxy contest, to have this promptly confirmed with a judicial determination.