
Prime Focus Board Approves Related Party Transactions, EOGM for Proposed Investment
Prime Focus Limited's Board of Directors, in a meeting held on October 15, 2026, approved several material related party transactions concerning the proposed investment by Multiples in its subsidiaries, Brahma Holdings and Brahma India. These transactions include an Ancillary Framework Deed, a shareholders agreement with indemnity obligations, and a platform license arrangement for Brahma AI Platform. The Board also recommended convening an Extra Ordinary General Meeting (EOGM) on November 7, 2026, to seek shareholder approval for the Proposed Transaction, which involves Multiples subscribing to CCPS and a transfer of shares, leading to the cessation of control over Brahma Holdings and Brahma India. Shareholder approval will also be sought for the material related party transactions.
Key Highlights
- Board approved material related party transactions for proposed investment.
- Transactions involve DNEG Parent, Brahma Holdings, and Multiples.
- Shareholders' EOGM scheduled for November 7, 2026.
- EOGM to approve proposed investment and related party transactions.
- Proposed transaction leads to cessation of control over subsidiaries.
Price Impact
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