CONCLUDES SHARE INITIATIVE
Copyright 2001 www.tombraiderchronicles.com
[ July 13th 2001 ]
Interactive, the company charged with publishing
Core Designs Tomb Raider videogame, saw its share
price increase 26.25 to 246.5p on the London stock
market Thursday following the successful completion
of a £51.7m rights-issue fundraising initiative
which sees every third share offered at half price.
performance from Paramount Pictures Lara Croft
Tomb Raider motion picture, starring Oscar-winner
Angelina Jolie, has fueled speculation that a
sales increase in its videogame counterpart has
helped shift the financial momentum of the troubled
publishers. "We are delighted that the rights
issue has been successful." Eidos Chief Executive
Mike McGarvey told The Daily Telegraph yesterday.
"The company has secured the resources so that
it can benefit from the opportunities ahead.
criticism over not launching a new Tomb Raider
title to capitalize on the movie release and benefit
from unprecedented publicity, a spokesman for
Eidos told The Daily Telegraph: "Early indications
are that the company has chosen the right strategy.
We are very pleased with the level of Tomb Raider
sales." With its foreseeable financial future
stabilized, Eidos Interactive will now focus on
developing titles for the upcoming next generation
of games consoles which include the Sony PS2 and