EXCLUSIVE: The Tabatznik Family Trust has taken a “substantial equity position” in Curzon Artificial Eye.
As well as subscribing for new shares in CAE’s parent company, which will provide additional working capital, the Trust has acquired half the shareholding of Act Entertainment Group Ltd, a company owned by Roger Wingate, who will remain Chairman of Curzon Artificial Eye.
Philip Knatchbull has signed a new three-year contract as group CEO, and a new share option scheme for all employees has also been agreed.
Knatchbull, CEO of Curzon Artificial Eye, said: “This transaction is as much to do with the future as the present, and will allow the company access to further investment and expertise across all areas of development. I’m excited to be leading the company at this important point in its development.”
Curzon Artificial Eye’s companies include Artificial Eye Film Company, Curzon Cinemas (operating six London sites) and Fusion Media Sales.