Brief: Helios And Matheson Analytics Plans To Spin Off Moviepass Entertainment Entity As Separate Public Company

Helios and Matheson Analytics

23/10/2018 14:07

Oct 23 (Reuters) - Helios and Matheson Analytics Inc
 HMNY.O :
    * HELIOS AND MATHESON ANALYTICS INC. ANNOUNCES PRELIMINARY
PLAN TO
SPIN OFF MOVIEPASS ENTERTAINMENT ENTITY AS SEPARATE PUBLIC
COMPANY
    * HELIOS AND MATHESON ANALYTICS - MOVIEPASS ENTERTAINMENT
WOULD
BECOME A VERTICALLY INTEGRATED FILM PRODUCTION, MARKETING AND
EXHIBITION COMPANY
    * HELIOS AND MATHESON - BOARD PRELIMINARILY HAS APPROVED
PLAN TO
CREATE VERTICALLY INTEGRATED FILM PRODUCTION, MARKETING AND
EXHIBITION CO
    * HELIOS AND MATHESON - PLANS TO DISTRIBUTE A MINORITY OF
OUTSTANDING SHARES OF MOVIEPASS ENTERTAINMENT COMMON STOCK AS A
DIVIDEND TO STOCKHOLDERS OF CO
    * HELIOS AND MATHESON - PLANS TO SEEK TO CAUSE MOVIEPASS
ENTERTAINMENT TO BECOME A SEPARATE PUBLIC COMPANY LISTED ON
NASDAQ
    * HELIOS AND MATHESON - IN PROCESS OF EVALUATING TAX
CONSEQUENCES,
IF ANY, OF PROPOSED REORGANIZATION & DISTRIBUTION OF MOVIEPASS
ENTERTAINMENT SHARES
    * HELIOS AND MATHESON-AFTER DISTRIBUTION OF MOVIEPASS SHARES
&/OR
MOVIEPASS BECOMING SEPARATE PUBLIC COMPANY,CO TO RETAIN
OWNERSHIP OF ZONE TECHNOLOGIES
    * HELIOS AND MATHESON - HMNY PLANS TO RETAIN OWNERSHIP OF
ZONE &
WOULD DISCONTINUE PREVIOUS PLAN TO SPIN OFF ZONE

Source text for Eikon:  ID:nBw8RKtf6a 
Further company coverage:  HMNY.O 

 ((Reuters.Briefs@thomsonreuters.com;))