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Provider: Wright Reports

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Cineworld Group Plc Issues New Shares

Monday, 10 Dec 2012 04:00am EST 

Cineworld Group Plc announced that a total of 6,849,999 new ordinary shares of one pence each in the Company have been allotted (Allotted Shares), subject to admission on December 11, 2012. The Allotted Shares include a placing to institutional and certain other investors of 6,401,020 ordinary shares of one pence in the Company and an allotment of, in aggregate, 448,979 ordinary shares of one pence in the Company to Stephen Wiener, Chief Executive Officer of Cineworld, and Lyn Goleby, Managing Director of Picturehouse, pursuant to separate share subscription agreements entered into with the Company. Applications have been made for admission of the Allotted Shares to the premium segment of the Official List maintained by the Financial Services Authority and to trading on the main market for listed securities of the London Stock Exchange plc (together Admission). The Allotted Shares, when issued, will be credited as fully paid and will rank pari passu in all respects with the existing ordinary shares of one pence each in the share capital of the Company, including the right to receive all dividends and other distributions declared, made or paid in respect of such shares after the date of issue of the Allotted Shares. 

Company Quote

19.9 +6.27%
11:35am EDT