Dubliner William Sargent and fellow shareholders who together own 25pc of the Oscar-winning movie special-effects studio Framestore have an option to sell their shares either to the majority owner in 2021, or back to the Framestore holding company, it has emerged. Dubliner William Sargent and fellow shareholders who together own 25pc of the Oscar-winning movie special-effects studio Framestore have an option to sell their shares either to the majority owner in 2021, or back to the Framestore holding company, it has emerged. CEO Sargent confirmed that the option to sell to Chinese firm Ithink Cultural Investment Holdings is a 'put option' which gives the owner the option to sell an asset either at an agreed price or before a particular date. "Nothing can happen before 2021," said Sargent who is believed to own a stake of about 10pc. Consortium Ithink has a 75pc stake in Framestore, which it acquired in 2016 when it valued the firm at about €175m.

Source: Irish Independent December 30, 2018 18:22 UTC