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Cineworld Group PLC (CINE.L)

CINE.L on London Stock Exchange

513.50GBp
19 Jan 2018
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Latest Key Developments (Source: Significant Developments)

Regal Entertainment Says Cineworld Deal Includes Termination Fees In Some Situations
Tuesday, 5 Dec 2017 06:38am EST 

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 02:18am EST 

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 02:27am EST 

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 05:28pm EST 

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 02:21am EST 

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

Cineworld Group says interim dividend 6 pence per share
Thursday, 10 Aug 2017 02:51am EDT 

Aug 10 (Reuters) - CINEWORLD GROUP PLC :INTERIM DIVIDEND 6 PENCEPER SHARE.H1 REVENUE AT 420.2 MILLION STG VERSUS 356.7 MILLION STG YEAR AGO.H1 ADJUSTED PROFIT AFTER TAX INCREASED BY 23.5% TO £42.0M.H1 PROFIT BEFORE TAX 48.2 MILLION STG VERSUS 30.6 MILLION STG YEAR AGO.H1 EBITDA AT 84.3 MILLION STG VERSUS 70.5 MILLION STG YEAR AGO.H1 REVENUE GROWTH OF 17.8% ON A STATUTORY BASIS AND 12.4% ON A CONSTANT CURRENCY BASIS.H1 ADMISSIONS GROWTH OF 10.0% TO 50.7M."REMAIN CONFIDENT OF DELIVERING A PERFORMANCE FOR YEAR AS A WHOLE IN LINE WITH CURRENT MARKET EXPECTATIONS".  Full Article

Cineworld says from Jan. 1 to May 11 records revenue growth of 21.3 pct
Thursday, 18 May 2017 02:00am EDT 

May 18 (Reuters) - Cineworld Group Plc :Trading update for period 1 january 2017 to 11 may 2017.For period 1 January 2017 to 11 May 2017, group achieved revenue growth of 21.3%, 15.8% on a constant currency basis.For period 1 January 2017 to 11 May 2017, retail revenue also showed strong growth of 19.7% as a result of increase in admissions.Whilst still early in year, group is on track to deliver a performance for year in line with current market expectations.Strong admissions growth took place across both uk and row, with particularly good performances in uk, israel, romania and Slovakia.Growth was driven by attractiveness of film slate, group's new openings in prior year and improved results from ongoing refurbishment programme.Highest grossing films in period were "beauty and beast", "la la land", "sing", "guardians of galaxy vol. 2", " fate of furious" and " lego batman movie".  Full Article

Cineworld reports FY revenue of 797.8 mln pounds, up 13 pct
Thursday, 9 Mar 2017 02:23am EST 

Cineworld Group Plc : Final dividend 13.8 pence per share . Total dividend 19 pence per share . Fy group revenue £797.8m versus £705.8m . Fy profit before tax £98.2m versus £99.7m . Fy adjusted profit after tax £93.8m versus £79.3m .FY overall admissions increased by 7.2%, whilst average ticket pricing remained broadly flat on a constant currency basis at £4.99.  Full Article

Cineworld Group names Nisan Cohen as CFO
Wednesday, 11 Jan 2017 02:01am EST 

Cineworld Group Plc : Nisan cohen is appointed to position of cfo and will join board as an executive director. . Non-Executive director martina king is stepping down from board after six years to focus on her other business interests .Mr moore, previously interim cfo, has been appointed to board as an independent non-executive.  Full Article

Cineworld says revenue for year ended Dec. 31 up 12.6 pct
Wednesday, 11 Jan 2017 02:00am EST 

Cineworld Group Plc : Trading update . Group achieved strong revenue growth of 12.6 pct for year ended 31 december 2016, 8.3 pct on a constant currency basis. . As a result, group's overall performance for year ended 31 december 2016 is expected to be in line with current market expectations. . Group reached record admissions levels in 2016, passing milestone of over 100 million people coming through our doors to watch a movie. . Admissions increased in both uk & ireland and row, with double digit growth taking place in row. . Top performing movies of year were "Star Wars: Rogue One", "Fantastic Beasts And Where To Find Them" and "Bridget Jones's Baby", " Jungle Book", " Secret Life Of Pets" and "Zootropolis" . Increase in admissions drove 12.7 pct growth in retail revenues . Other income, which predominantly consists of advertising and distribution revenues, increased by 7.0 pct .Group will continue with its strategic expansion and renovation plans during 2017 with 13 new sites scheduled to open, 6 in uk and 7 in row, and several major refurbishments.  Full Article

LPC-Banks to sell US$4.3bn-equiv loan for Cineworld’s Regal buy

LONDON, Jan 17 A US$4.3bn-equivalent leveraged loan financing backing Britain's Cineworld Group’s acquisition of US peer Regal Entertainment Group has launched for syndication, banking sources said.