Further Information on Equity Warrants

RNS Number : 1501G

Cineworld Group plc

23 November 2020

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES OF AMERICA OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

FOR IMMEDIATE RELEASE

23 November 2020

Cineworld Group plc ("Cineworld" or the "Group")

Further Information on Equity Warrants

Further to its earlier announcement regarding additional liquidity, the Company confirms that each of the equity warrants that will be issued alongside the new debt facility will be exercisable into one ordinary share of the Company at an exercise price of 41.49 pence with the proceeds of such exercise being retained by the Company.  The warrants are exercisable at any time over the next five years.  The exercise price represents a 10% discount to the closing share price on 20 November 2020.  

Contacts:

Mooky Greidinger Israel Greidinger Nisan Cohen Manuela Van Dessel

[phone] [e-mail]

Certain statements in this announcement are forward looking and so involve risk and uncertainty because they relate to events, and depend upon circumstances that may or may not 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. 

This announcement and the information contained herein are for information purposes only, and this announcement does not contain or constitute, and should not be construed as, an offer to purchase or sell or issue securities in the United States of America or in any jurisdiction in which such offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation, or otherwise constitute an inducement, invitation, commitment, solicitation or recommendation to any person to purchase, subscribe for, or otherwise acquire securities in Cineworld or any of its affiliates.

 

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