REG - Cineworld Group plc - Update on Regal dissenting shareholders agreement

CineworldAnnouncement

10/05/2022 07:00

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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 (mailto:investors@cineworld.co.uk)

 

 

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