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Cineworld Group plc

CINE.L

Latest Trade

39.61GBp

Change

3.14(+8.61%)

Volume

16,132,322

Today's Range

36.91

 - 

41.38

52 Week Range

18.29

 - 

322.30

As of on the London Stock Exchange (LON) ∙ Minimum 15 minute delay

Latest Developments

Cineworld And Picturehouse To Close All Cinemas In UK, Ireland

March 17 (Reuters) - Cineworld Group PLC <CINE.L>::CINEWORLD AND PICTUREHOUSE CINEMAS TO CLOSE ALL CINEMAS.CO, PICTUREHOUSE ANNOUNCE CLOSURE OF ALL CINEMAS ACROSS UK STARTING FROM 18 MARCH, AND IRELAND STARTING 17 MARCH UNTIL FURTHER NOTICE.DECISION TO CLOSE CINEMAS WAS MADE IN LIGHT OF CURRENT COVID-19 OUTBREAK AND RECENT UK GOVERNMENT ADVICE.

Regal Announces Closure Of All Theatre Locations Starting March 17

March 16 (Reuters) - Cineworld Group PLC <CINE.L>::REGAL - ANNOUNCES CLOSURE OF ALL THEATRE LOCATIONS STARTING TUESDAY, MARCH 17, 2020.

Global City Holdings Discloses 20.10% Stake In Cineworld Group As Of March 3 - Filing

March 16 (Reuters) - Cineworld Group PLC <CINE.L>::GLOBAL CITY HOLDINGS DISCLOSES 20.10% STAKE IN CINEWORLD GROUP AS OF MARCH 3 VERSUS PRIOR STAKE OF 27.99% - FILING.

Cineworld Says Helen Weir To Step Down As Non-Executive Director

March 16 (Reuters) - Cineworld Group PLC <CINE.L>::CINEWORLD GROUP PLC - DIRECTORATE CHANGE.CINEWORLD GROUP PLC - HELEN WEIR HAS NOTIFIED BOARD OF HER WISH TO STEP DOWN AS A NON-EXECUTIVE DIRECTOR OF COMPANY TO PURSUE OTHER INTERESTS.

Cineworld Says Plans For Cineplex Deal Still In Place

March 12 (Reuters) - Cineworld <CINE.L>::CINEWORLD SAYS "WE HAVE A LEGAL CONTRACT WITH CINEPLEX, WE ARE COMMITTED TO THE DEAL" - MANAGEMENT CALL.CINEWORLD SAYS CINEPLEX DEAL IS VERY ATTRACTIVE WITH STRONG SYNERGIES AND THERE IS NO CHANGE IN PLAN TO COMPLETE THE DEAL - MANAGEMENT CALL.

Cineworld Flags Going Concerns Doubts In Worst Case Virus Scenario

March 12 (Reuters) - Cineworld Group Plc <CINE.L>::FY REVENUE FELL 6.2 PERCENT TO 4.37 BILLION USD.SOLID BOX OFFICE PERFORMANCE YEAR TO DATE.THERE CAN BE NO CERTAINTY AS TO FUTURE IMPACT OF COVID-19 ON GROUP.DECLARED FULL YEAR DIVIDEND OF 15.5 CENTS UP 3.3%.INTEGRATION BENEFITS FROM REGAL EXCEED INITIAL EXPECTATION, ESTIMATED RUN-RATE SYNERGIES AT TIME OF DEAL UP FROM $100M TO $190M.EXPECTS FURTHER MARKET SHARE GAINS AND INCREASED MEMBERS IN UNITED STATES.REDUCED NET DEBT TO $3.5BN (EXCLUDING LEASES) FROM $3.7BN AT 31 DECEMBER 2018 AND $4.0BN AT TIME OF ACQUISITION OF REGAL.CLOSELY MONITORING EVOLUTION OF COVID-19 AND SO FAR, SEEN MINIMAL IMPACT ON BUSINESS.CINEPLEX ACQUISITION EXPECTED TO DELIVER $130M OF SYNERGIES WITH GROUP LEVERAGE TO BE REDUCED TOWARDS 3X BY END OF 2021.ON A PRO-FORMA BASIS, EXCLUDING IMPACT OF IFRS 16, FY ADJUSTED EBITDA HAS DECREASED BY 3.7% TO $1,032.6M.UNDER A SPECIFIC DOWNSIDE SCENARIO, THERE IS A RISK OF BREACHING FINANCIAL COVENANTS, UNLESS A WAIVER AGREEMENT IS REACHED.DOWNSIDE SCENARIOS ARE CURRENTLY CONSIDERED UNLIKELY, HOWEVER IT IS DIFFICULT TO PREDICT OVERALL IMPACT OF COVID-19.ONE DOWNSIDE SCENARIO INDICATES EXISTENCE OF MATERIAL UNCERTAINTY THAT MAY CAST DOUBT ABOUT CO'S ABILITY TO CONTINUE AS GOING CONCERN.

Cineworld Says Major Shareholder To Sell 7.9% Stake For £116 Mln

March 9 (Reuters) - Cineworld Group PLC <CINE.L>::CINEWORLD GROUP PLC - MAJOR SHAREHOLDER TO REFINANCE MARGIN LOAN.CINEWORLD - INFORMED BY GLOBAL CITY THEATRES B.V. HAS AGREED TO SELL C.108 MILLION ORDINARY SHARES IN CINEWORLD.CINEWORLD - AN AFFILIATE OF GIC PTE LTD HAS ACQUIRED C.62 MILLION ORDINARY SHARES IN CINEWORLD FROM GCT.CINEWORLD GROUP PLC - FOLLOWING SALE, GCT WILL HOLD C.275 MILLION ORDINARY SHARES IN CINEWORLD (REPRESENTING 20.0% OF CINEWORLD'S ISSUED SHARE CAPITAL).CINEWORLD -AGGREGATE PROCEEDS OF SHARE SALE TO BE USED TO RESTRUCTURE MARGIN LOAN FACILITY PROVIDED TO GCT BY BARCLAYS BANK & HSBC BANK.CINEWORLD - GCT AGREED TO SELL C.108 MILLION SHARES IN CINEWORLD, REPRESENTING C.7.9% OF CINEWORLD, FOR PROCEEDS OF APPROXIMATELY £116 MILLION.CINEWORLD - RESTRUCTURING MARGIN LOAN FACILITY INTO A NEW SECURED CORPORATE LOAN FACILITY.

Cineworld Says Not Observed Any Material Impact On Movie Theatre Admissions Due To COVID-19

March 6 (Reuters) - Cineworld Group PLC <CINE.L>::CINEWORLD GROUP PLC - COMPANY UPDATE.CINEWORLD GROUP PLC - NOT OBSERVED ANY MATERIAL IMPACT ON OUR MOVIE THEATRE ADMISSIONS DUE TO COVID-19.CINEWORLD GROUP PLC - THERE CAN BE NO CERTAINTY AS TO FUTURE IMPACT OF COVID-19..CINEWORLD GROUP PLC - CONTINUE TO SEE GOOD LEVELS OF ADMISSIONS IN ALL OUR TERRITORIES, DESPITE REPORTED SPREAD OF COVID-19.CINEWORLD - TAKING MEASURES TO ENSURE THAT CO PREPARE ITS BUSINESS FOR ALL POSSIBLE EVENTUALITIES FROM CORONAVIRUS.CINEWORLD GROUP PLC - FY REVENUE: $4,369 MILLION, ADJUSTED EBITDA $1,032 MILLION.CINEWORLD - STUDIOS ADVISED US THEY REMAIN COMMITTED TO THEIR RELEASE SCHEDULE FOR COMING MONTHS AND REMAINDER OF YEAR FOR NEW BOND MOVIE.CINEWORLD GROUP - NET DEBT OF $3.48 BILLION AT YEAR END.

Cineworld Says 99.59% Votes At GM Cast In Favour Of Approving Acquisition Of Cineplex

Feb 12 (Reuters) - Cineplex Inc <CGX.TO>::99.59% VOTES AT GM CAST IN FAVOUR OF APPROVING ACQUISITION OF CINEPLEX.

Cineworld Group To Buy Cineplex For $2.1 Bln

Dec 16 (Reuters) - Cineworld Group PLC <CINE.L>::CINEWORLD GROUP PLC - PROPOSED C$2.8BN/US$2.1BN ACQUISITION OF CINEPLEX.PROPOSED DEAL FOR C$34 PER SHARE IN CASH.PROPOSED DEAL EXPECTED TO BE DOUBLE DIGIT ACCRETIVE TO EARNINGS AND FREE CASH FLOW IN FIRST FULL YEAR FOLLOWING COMPLETION.BOARDS OF BOTH CINEWORLD AND CINEPLEX HAVE APPROVED ACQUISITION.DEBT FINANCED ACQUISITION, WITH DILIGENT FOCUS ON CAPITAL ALLOCATION TARGETING LEVERAGE TOWARDS 3X NET DEBT / EBITDAIII BY END OF FY 2021.CO'S LARGEST SHAREHOLDER, GLOBAL CITY THEATRES B.V., AGREED TO VOTE IN FAVOUR OF ACQUISITION.COMBINED CO WILL BE ABLE TO ACHIEVE RUN-RATE ANNUALISED PRE-TAX COMBINATION BENEFITS OF APPROXIMATELY US$130 MLN.EXPECTS COMBINATION BENEFITS WILL BE PHASED WITH APPROXIMATELY US$120 MLN REALISED BY END OF FY 2020 AND US$130 MLN IN FY 2021.SEES ABOUT $65 MLN FROM COST EFFICIENCIES BENEFITING FROM ENLARGED GROUP'S COMMERCIAL SCALE, STREAMLINING OF FUNCTIONS AND OTHER BENEFITS.ALSO SEES ABOUT $65 MLN FROM SEVERAL BUSINESS INITIATIVES.PLANS TO MAINTAIN EXISTING DIVIDEND POLICY FOLLOWING TRANSACTION COMPLETION.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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