Update on Regal dissenting shareholders agreement

RNS Number : 8595K
Cineworld Group plc
10 May 2022
 

FOR IMMEDIATE RELEASE

 10 May 2022

 

 

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

 

 

Update on Regal dissenting shareholders agreement

 

Further to the announcement of 4 May 2022, Cineworld confirms that it has now obtained undertakings to waive from its holders of its guaranteed convertible bonds due 2025 in respect of events of default arising due to non-payment of amounts due to the former dissenting shareholders of Regal Entertainment Group (the "Regal Litigation Parties"). Cineworld is continuing discussions with the Regal Litigation Parties and a further announcement will be made as and when appropriate. 

 

Contacts:

 

Cineworld

 

Israel Greidinger

Nisan Cohen

Manuela Van Dessel

 

+44 (0) 20 8987 5000

 

investors@cineworld.co.uk

 

 

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