| Ticker: GETTY | 101 Bayham Street | |
| Exchange: NASDAQ-National Market | London, Foreign NW1 0AG | |
| Industry: Service | 1715443456 |
| Type of Shares: | American Depositary Receipts | Filing Date: | 6/10/96 | |
| U.S. Shares: | 5,000,000 | Offer Date: | 7/2/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $11.50 - $13.50 | |
| Primary Shares: | 3,200,000 | Offer Price: | $10.00 | |
| Secondary Shares: | 1,800,000 | Gross Spread: | $0.70 | |
| Offering Amount: | $62,500,000 | Selling: | $0.40 | |
| Expenses: | $1,800,000 | Reallowance: | $0.10 | |
| Shares Out After: | 30,799,444 |
| Manager | Tier | Phone |
| Alex. Brown & Sons Incorporated | Lead Manager | (410) 727-1700 |
| Hambrecht & Quist Incorporated | Co-manager | (415) 576-3423 |
| Auditor: Coopers & Lybrand | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/96 | |||
| Revenue: | $60.94 | $18.55 | Assets: | $104.18 | |
| Net Income: | $1.23 | $0.69 | Liabilities: | $47.31 | |
| EPS: | $0.11 | $0.06 | Equity: | $56.87 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company supplies still and moving photo images to advertisers, broadcasters, and publishers. The company also owns Hulton Getty, one of the world's largest privately owned collections of archival photography. The company markets reproduction rights to still and moving images through its international network of wholly owned offices in London, Boston, Chicago, Los Angeles, New York, Seattle, Toronto, Paris, Munich, Hamburg and Vienna and licenses in 20 countries. Getty Communications seeks to differentiate itself through its commitment to the highest level of quality in the creation, selection and production of relevant images capable of multiple sales, its customer service, the quality and breadth of its archival content, its strong, brand names and its worldwide distribution network. The company intends to capitalize on these strengths to grow its existing businesses and to acquire complementary businesses with a view to becoming the leading international provider of visual content. |
| Use of Proceeds |
| The proceeds from the offering will be used to redeem and repay the Loan Notes issued in connection with the acquisition of Tony Stone Images and of certain short-term indebtedness incurred in connection with the acquisition of Hulton Getty, and meet general corporate purposes, including the funding of possible acquisitions. |
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