REG - Cineworld Group plc - Director Update

CineworldAnnouncement

12/12/2022 17:45

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RNS Number : 4434J  Cineworld Group plc  12 December 2022

12 December 2022

 

 

CINEWORLD GROUP PLC

(the "Company or Cineworld")

 

Director Update

 

 

Cineworld Group plc ("Cineworld") announces that Forum Film Ltd ("Forum
Film"), its Israeli distribution subsidiary, has agreed with the Israeli
Anti-Trust Authority that it was in breach of the terms of a merger agreement
from 2010 (by failing to provide 8 movies to a single cinema in Tel Aviv since
the merger agreement) and that Mooky Greidinger, CEO of Cineworld, was
indirectly responsible for failing to prevent such breach. As a result of this
agreement, an Israeli court has fined Forum Film approximately £150,000 and
has fined Mooky Greidinger personally approximately £23,000 and given him a 6
month suspended prison sentence (conditional on him having no further
anti-trust offences in the next 24 months).

 

The judgment is not expected to have any impact on the continued operations of
Forum Film Ltd, Cineworld Group plc or Mooky Greidinger's position as CEO of
Cineworld Group plc.

 

Enquiries:

Scott Brooker

Company Secretary

 

LEI: 213800J2J3TOOI176M73

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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