Entertainment One has successfully placed more shares in the market, and at a higher price than anticipated, due to an over-subscription.

The indie producer said its underwriter placed 10 million shares at 160 pence ($2.50) apiece, to raise £16 million ($25 million) for possible acquisitions and programming purchases.

British-listed Entertainment One on February 25 said it aimed to issue up to 8 million new shares at 145 pence ($2.30) each to institutional investors.

CEO Darren Throop in a statement said his company’s board was “delighted” with the shareholder support.