Cineworld Group plc Regal Dissenting Shareholders Agreement (3353L)
September 10 2021 - 1:00AM
UK Regulatory
TIDMCINE
RNS Number : 3353L
Cineworld Group plc
10 September 2021
FOR IMMEDIATE RELEASE
10 September 2021
Cineworld Group plc ("Cineworld" or the "Group")
Regal Dissenting Shareholders Agreement
Further to our announcement of 14 May 2021, Cineworld is pleased
to announce that it has reached agreement with the dissenting
shareholders of Regal Entertainment Group with respect to the
payment of judgment of their claim. Under this agreement, the
Company will now pay $170 million of the Judgment to the dissenting
shareholders and $92 million will be placed into an escrow account
to be available to Cineworld as additional liquidity under certain
circumstance. The funds in the escrow account will paid to the
dissenting shareholders no later than March 31, 2022.
Cautionary note concerning forward looking statements
Certain statements in this announcement are forward looking and
so involve risk and uncertainty because they relate to events, and
depend upon circumstances that will occur in the future and
therefore results and developments can differ materially from those
anticipated. The forward looking statements reflect knowledge and
information available at the date of preparation of this
announcement and the Group undertakes no obligation to update these
forward-looking statements. Nothing in this announcement should be
construed as a profit forecast.
C ontacts
Cineworld Group Finsbury:
plc:
+44 (0) 20 8987
Israel Greidinger 5000 James Leviton +44 (0)20 7251 3801
Nisan Cohen investors@cineworld.co.uk cineworld-lon@finsbury.com
Manuela Van Dessel
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
AGRUPUUGBUPGGRB
(END) Dow Jones Newswires
September 10, 2021 02:00 ET (06:00 GMT)
Cineworld (LSE:CINE)
Historical Stock Chart
From Apr 2024 to May 2024
Cineworld (LSE:CINE)
Historical Stock Chart
From May 2023 to May 2024