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Cineworld Group PLC (CINE.L)

CINE.L on London Stock Exchange

571.00GBp
16 Jan 2018
Change (% chg)

8.00 (+1.42%)
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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 

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​
Wednesday, 29 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

Cineworld Group H1 revenue up 8.4 pct
Thursday, 11 Aug 2016 

Cineworld Group Plc : Interim dividend 5.2 penceper share . H1 uk & ireland revenue growth of 3.0%, . H1 ROW revenue growth of 13.9 pct on a constant currency . H1 adjusted profit before tax remains broadly flat at 39.4 mln stg . H1 statutory profit after tax decreased to 24.4 mln stg, predominantly due to a 6.4 mln stg one-off gain on a disposal in prior year period . H1 admissions growth of 2.7 pct to 46.1 mln . Group revenue growth of 8.4 pct on a statutory basis and 6.8 pct on a constant currency basis 1 . H1 ebitda growth of 9.0 pct on a statutory basis and 7.2 pct on a constant currency basis; . Adverse currency movements of 6.1 mln stg compared to an exchange rate gain of 8.9 mln stg in prior year period . Net debt broadly flat at 250.3 mln stg compared to 245.2 mln stg at 31 December 2015. . Results for first half of year are in-line with our expectations .We remain confident of delivering a performance for year as a whole in line with current market expectations.".  Full Article

Cineworld buys 5 cinemas
Thursday, 28 Jul 2016 

Cineworld Group Plc : Acquisition of 5 cinemas from cinema holdings, holding co of Empire Cinema Limited and sale to Empire of three screen Cineworld Haymarket .Cineworld will pay Empire an aggregate consideration of 94 million gbp 1 for transaction.  Full Article

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UK's Cineworld targets U.S. expansion with $3.6 billion deal to buy Regal Entertainment

Britain's Cineworld Group Plc sealed an agreement to buy larger U.S. peer Regal Entertainment Group on Tuesday for $3.6 billion in cash, a deal that would create the world's second largest movie theater operator. | Video