Regal Dissenting Shareholders Agreement

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.

   Contacts

Cineworld Group plc:		Finsbury:
Israel Greidinger	[phone]	James Leviton	[phone]
Nisan Cohen	[e-mail]		[e-mail]
Manuela Van Dessel

 

END

 

 

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