Brief: Cineworld Proposes Appointment Of Eduardo Acuna As Chief Executive Officer

Cineworld

13/07/2023 12:10

July 13 (Reuters) - Cineworld Group PLC  CINE.L :
    * PROPOSED APPOINTMENT OF EDUARDO ACUNA AS CHIEF EXECUTIVE
OFFICER
    * ITS LENDERS AGREED TERMS TO APPOINT EDUARDO ACUNA AS CEO
OF
NEWCO PARENT CO OF GROUP ON EFFECTIVE DATE OF CO'S PLAN OF
REORGANISATION
    * UNDERSTANDS THAT A SELECTION PROCESS FOR REMAINING MEMBERS
OF
NEWCO BOARD IS ONGOING.
    * PLAN CONTEMPLATES NEWCO WILL BECOME SOLE OWNER OF GROUP
UPON
EMERGENCE OF CINEWORLD, CERTAIN OF ITS UNITS FROM THEIR CHAPTER
11 CASES,

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