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United Kingdom

Cineworld Group PLC (CINE.L)

CINE.L on London Stock Exchange

537.00GBp
18 Jan 2018
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Latest Key Developments (Source: Significant Developments)

Cineworld ‍Fully Underwritten Rights Issue Raising Proceeds Of 1.7 Bln STG - bookrunner
Wednesday, 17 Jan 2018 

Jan 17 (Reuters) - Cineworld Group Plc's Bookrunner::‍FULLY UNDERWRITTEN RIGHTS ISSUE RAISING PROCEEDS OF £1.7 BILLION IN CONNECTION WITH PROPOSED ACQUISITION OF REGAL ENTERTAINMENT.‍COMPANY IS PROPOSING TO OFFER 4 NEW ORDINARY SHARES BY WAY OF RIGHTS TO HOLDERS OF CINEWORLD ORDINARY SHARES.  Full Article

Cineworld Group Says FY Revenue Up 11.6 Pct
Wednesday, 17 Jan 2018 

Jan 17 (Reuters) - Cineworld Group Plc ::FOR YEAR ENDED 31 DECEMBER 2017 - REVENUE GROWTH OF 11.6 PCT ACHIEVED​.‍FY RETAIL REVENUE SHOWED STRONG GROWTH OF 15.6 PCT (11.8 PCT CONSTANT CURRENCY)​.SAYS ‍AFTER A SUCCESSFUL OUTCOME IN 2017 GROUP IS POSITIONED WELL FOR ANOTHER YEAR OF PROGRESS IN 2018​.  Full Article

Regal Entertainment Says Cineworld Deal Includes Termination Fees In Some Situations
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - Regal Entertainment Group ::SAYS IF CINEWORLD DEAL TERMINATED UNDER SOME CIRCUMSTANCES SPECIFIED IN AGREEMENT, CO TO HAVE TO PAY CINEWORLD GROUP FEE OF $95.2 MILLION.SAYS TERMINATION FEE TO BE LOWERED TO $36.3 MILLION IF TERMINATION RELATES TO DEAL PROPOSAL SUBMITTED PRIOR TO EXPIRATION OF GO-SHOP PERIOD.SAYS IF DEAL TERMINATED BY EITHER CINEWORLD OR CO, BECAUSE DEAL NOT COMPLETED BY JUNE 5, 2018, OTHER REASONS, CO TO PAY CINEWORLD A FEE OF $75 MILLION.SAYS IF DEAL TERMINATED UNDER CERTAIN CIRCUMSTANCES, CO WILL HAVE TO PAY CINEWORLD GROUP A FEE OF $20.2 MILLION - SEC FILING.  Full Article

Cineworld Group Says Proposed Acquisition Of Regal Entertainment Group
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - Cineworld Group Plc ::REACHED AGREEMENT ON TERMS OF A RECOMMENDED PROPOSAL FOR CINEWORLD TO ACQUIRE, FOR CASH, ENTIRE ISSUED SHARE CAPITAL OF REGAL​.‍DEAL COMPLETION IS EXPECTED TO OCCUR DURING Q1 OF 2018​.SAYS ACQUISITION PRICE OF US$23.00 PER REGAL SHARE VALUES ENTIRE ISSUED AND TO BE ISSUED SHARE CAPITAL OF REGAL AT US$3.6 BLN.DEAL COMPLETION IS EXPECTED TO OCCUR DURING Q1 OF 2018​. CO'S RETURN ON INVESTED CAPITAL ASSOCIATED WITH ACQUISITION EXPECTED TO MEET ITS COST OF CAPITAL IN FIRST FULL YEAR AFTER COMPLETION​.SAYS DEAL FOR IMPLIED ENTERPRISE VALUE OF US$5.8 BLN.CO'S BOARD EXPECTS TO BE ABLE TO MAINTAIN CO'S EXISTING DIVIDEND POLICY AFTER COMPLETION.SAYS EXPECTS AFTER DEAL ENLARGED GROUP WILL BE ABLE TO ACHIEVE ANNUALISED PRE-TAX COMBINATION BENEFITS OF US$100 MLN.DEAL TO BE FUNDED BY PROCEEDS OF RIGHTS ISSUE BY CINEWORLD AND PART OF ABOUT $4.0 BLN TO BE RAISED THROUGH COMMITTED DEBT FACILITIES​.  Full Article

Cineworld says in advanced discussions with Regal Entertainment ​
Wednesday, 29 Nov 2017 

Nov 29 (Reuters) - CINEWORLD GROUP PLC ::POSSIBLE OFFER FOR REGAL ENTERTAINMENT GROUP.POSSIBLE OFFER FOR REGAL ENTERTAINMENT GROUP.‍BOARD OF CINEWORLD NOTES PRESS SPECULATION REGARDING POTENTIAL ACQUISITION OF REGAL, CONFIRMS THAT IT IS IN ADVANCED DISCUSSIONS WITH REGAL​.  Full Article

Regal Entertainment ‍Confirmed That It Is Currently Engaged In Discussions With Cineworld Group About A Possible All-Cash Acquisition​
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - Cineworld Group Plc ::REGAL ENTERTAINMENT GROUP - ‍CONFIRMED THAT IT IS CURRENTLY ENGAGED IN DISCUSSIONS WITH CINEWORLD GROUP PLC ABOUT A POSSIBLE ALL-CASH ACQUISITION​.REGAL ENTERTAINMENT GROUP - NO AGREEMENT HAS BEEN REACHED WITH CINEWORLD GROUP.REGAL ENTERTAINMENT - ‍CONFIRMED CURRENTLY ENGAGED IN DISCUSSIONS WITH CINEWORLD GROUP PLC ABOUT POSSIBLE ACQUISITION OF REGAL AT PRICE OF $23 PER SHARE​.  Full Article

Cineworld Group retains ‍full year outlook
Thursday, 23 Nov 2017 

Nov 23 (Reuters) - Cineworld Group Plc ::CINEWORLD GROUP PLC - ‍FULL YEAR OUTLOOK REMAINS UNCHANGED​.CINEWORLD GROUP PLC - ‍RETAIL REVENUE RECORDS GROWTH OF 13.4% (9.3% CONSTANT CURRENCY) FOR PERIOD TO NOV 19.  Full Article

UK's competition watchdog clears Cineworld- Empire Cinemas deal
Monday, 12 Dec 2016 

UK's CMA : UK's CMA - not to refer acquisition by cineworld group plc of five cinemas owned by empire cinemas limited to a phase 2 investigation .UK's CMA - has cleared the acquisition by cineworld group plc of 5 cinemas owned by empire cinemas limited.  Full Article

UK's CMA says Cineworld, Empire Cinemas deal could hurt competiton
Friday, 2 Sep 2016 

Competition and Markets Authority: Cineworld, Empire Cinemas deal may be expected to result in a substantial lessening of competition in any market or markets in the United Kingdom Further company coverage: [CINE.L] (Bengaluru Newsroom) ((+91 806 749 1136;)).  Full Article

Cineworld Group says completed acquisition of five cinemas
Friday, 12 Aug 2016 

Cineworld Group Plc :It has completed acquisition of five cinemas from Cinema Holdings Limited, holding company of Empire Cinema Limited.  Full Article

Banks to sell US$4.3 billion-equivalent loan for Cineworld’s Regal buy

LONDON A US$4.3 billion-equivalent leveraged loan financing backing Britain's Cineworld Group’s acquisition of US peer Regal Entertainment Group has launched for syndication, banking sources said.