Brief: Cineworld And Some Units File Plan Of Reorganisation

Cineworld

11/04/2023 07:14

April 11 (Reuters) - Cineworld Group PLC  CINE.L :
    * CINEWORLD GROUP PLC  - CHAPTER 11 UPDATE
    * CINEWORLD GROUP PLC  - CHAPTER 11 UPDATE
    * CINEWORLD - FILED A PLAN OF REORGANISATION
    * CINEWORLD -  CINEWORLD AND CERTAIN OF ITS SUBSIDIARIES
HAVE
TODAY FILED A PLAN OF REORGANISATION AND AN ACCOMPANYING
DISCLOSURE STATEMENT
    * CINEWORLD - DURING RESTRUCTURING PROCESS, CINEWORLD
CONTINUES TO
OPERATE ITS GLOBAL BUSINESS AND CINEMAS AS USUAL WITHOUT
INTERRUPTION
    * CINEWORLD - PLAN INVOLVES PROPOSED RESTRUCTURING OF GROUP
CHAPTER 11 COMPANIES
    * CINEWORLD - PROPOSED RESTRUCTURING DOES NOT PROVIDE FOR
ANY
RECOVERY FOR HOLDERS OF CINEWORLD'S EXISTING EQUITY INTERESTS
    * CINEWORLD - GROUP CHAPTER 11 COMPANIES ARE SEEKING TO
CONFIRM
PLAN ON AN EXPEDITIOUS TIMELINE
    * CINEWORLD - CONTINUES TO HONOUR TERMS OF ALL EXISTING
CUSTOMER
MEMBERSHIP PROGRAMMES

Source text for Eikon:  ID:nRSK7818Va 
Further company coverage:  CINE.L 

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