Results of placing

RNS Number : 9221S

Cineworld Group plc

06 December 2012

 



6 December 2012

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION IS UNLAWFUL.

CINEWORLD GROUP PLC ANNOUNCES RESULTS OF PLACING

Cineworld Group plc ("Cineworld" or the "Company") is pleased to announce the successful completion of the placing announced earlier today (the "Placing").

A total of 6,401,020 new ordinary shares of one pence each (the "Placing Shares") have been placed by J.P. Morgan Securities plc, which conducts its UK investment banking activities as J.P. Morgan Cazenove ("J.P. Morgan Cazenove") at a price of 245 pence per Placing Share, raising proceeds of £15.68 million (before expenses). The Placing Shares being issued represent approximately 4.5 per cent. of the issued ordinary share capital of the Company (excluding treasury shares) prior to the Placing.

Applications have been made for admission of the Placing Shares to the premium segment of the Official List maintained by the Financial Services Authority and to trading on the main market for listed securities of the London Stock Exchange plc (together "Admission"). It is expected that Admission will take place at 8.00 a.m. on 11 December 2012 at which time dealings in the Placing Shares will commence.

The Placing Shares, when issued, will be credited as fully paid and will rank pari passu in all respects with the existing ordinary shares of one pence each in the share capital of the Company, including the right to receive all dividends and other distributions declared, made or paid in respect of such shares after the date of issue of the Placing Shares.

Enquiries:

Cineworld                                                                                                [phone]

Steve Wiener, CEO

Philip Bowcock, CFO

J.P. Morgan Cazenove                                                                              [phone]

Rupert Sadler

Nicholas Hall

M:Communications                                                                                  [phone]

Elly Williamson

Matthew Neal

Important Information:

This Announcement is for information purposes only and shall not constitute or form part of an offer to buy, sell, issue, acquire or subscribe for, or the solicitation of an offer to buy, sell, issue, acquire or subscribe for any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. Any failure to comply with these restrictions may constitute a violation of the securities laws of such jurisdictions.

In particular, this Announcement does not constitute or form part of any offer to buy, sell, issue, acquire or subscribe for, or the solicitation of an offer to buy, sell, issue, acquire, or subscribe for, any securities in the capital of the Company in the United States, Australia, Canada, Japan or South Africa or any other jurisdiction into which such offer or solicitation would be unlawful.  In particular, the Company's securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act") and may not be offered, sold or transferred, directly or indirectly, within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and the securities laws of any state or other jurisdiction of the United States. Any offering to be made in the United States will only be made to a limited number of "qualified institutional buyers" as defined in Rule 144A under the Securities Act ("QIBs") pursuant to an exemption from the registration requirements under the Securities Act in a transaction not involving any "public offering" within the meaning of Section 4(a)(2) of the Securities Act. The Placing Shares are being offered and sold outside the United States in accordance with Regulation S under the Securities Act. No public offering of the Company's securities is being made in the United Kingdom, the United States, Australia, Canada, Japan, South Africa or any other country.

This Announcement has been issued by and is the sole responsibility of the Company. No representation or warranty, express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by the Company or by J.P. Morgan Cazenove or by any of their respective affiliates or agents as to, or in relation to, the accuracy or completeness of this Announcement or any other written or oral information made available to or publicly available to any interested party or its advisers, and any liability therefore is expressly disclaimed.

J.P. Morgan Securities plc, which conducts its UK investment banking activities as J.P. Morgan Cazenove and which is authorised and regulated in the United Kingdom by the FSA,  is acting for the Company in connection with the Placing and no-one else  and will not be responsible to anyone other than the Company for providing the protections afforded to clients of J.P. Morgan Securities plc nor for providing advice in relation to the Placing or any other matter referred to in this Announcement.

The distribution of this announcement to persons not resident in the United Kingdom may be affected by the laws of the relevant jurisdictions. Persons into whose possession this Announcement comes are required by the Company and J.P. Morgan Cazenove to inform themselves about, and observe, any applicable requirements and restrictions.

The price of shares and the income from them may go down as well as up and investors may not get back the full amount invested on disposal of the shares.  Past performance is no guide to future performance and persons needing advice should consult an independent financial advisor.

The Placing Shares to be issued pursuant to the Placing will not be admitted to trading on any stock exchange other than the London Stock Exchange.

Neither the content of the Company's website nor any website accessible by hyperlinks on the Company's website is incorporated in, or forms part of, this Announcement.

 

END

 

 

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