It is expected that the New Ordinary Shares in uncertificated form will be credited to CREST accounts as soon as practicable after 8.00 a.m. on 20 February 2018 and that definitive share certificates in respect of the New Ordinary Shares in certificated form will be despatched by post by no later than 27 February 2018.
It is expected that the New Ordinary Shares will commence trading, fully paid, on the London Stock Exchange's main market for listed securities at 8.00 a.m. on 20 February 2018.
Following the Rights Issue closing for acceptances, the Company is pleased to announce that it currently expects Completion to occur after market hours (London time) on 28 February 2018 and that Re-admission will occur at 8.00am on 1 March 2018.
In accordance with their obligations as Underwriters in respect of the Rights Issue as set out in the combined prospectus and class 1 circular dated 17 January 2018 (the “Prospectus”), Barclays Bank PLC, HSBC Bank plc and Investec Bank plc will use reasonable endeavours to procure subscribers for the remaining 40,383,167 New Ordinary Shares not taken up in the Rights Issue, failing which Barclays Bank PLC, HSBC Bank plc and Investec Bank plc have agreed to subscribe, on a several basis, for any remaining New Ordinary Shares.
The net proceeds from the placing of such New Ordinary Shares (after the deduction of the Rights Issue Price of 157 pence per New Ordinary Share and the expenses of procuring subscribers including any applicable brokerage and commissions and amounts in respect of VAT which are not recoverable, if any) will be paid (without interest) to those persons whose rights have lapsed in accordance with the terms of the Rights Issue, pro ratato their lapsed provisional allotments, save that individual amounts of less than £5.00 will not be paid to such persons but will be paid to the Company.
A further announcement as to the number of New Ordinary Shares for which subscribers have been procured will be made in due course.
Following the allotment of the New Ordinary Shares to reflect the receipt of valid acceptances, the Company has 1,329,248,308 fully paid ordinary shares of one pence each in issue. The Company holds no ordinary shares in treasury. Therefore, as at 20 February 2018, the total number of voting rights in the Company is 1,329,248,308. This figure may be used by Shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change in their interest in, the Company under the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority.
Capitalised terms used in this announcement have the meanings given to them in the Prospectus, which is available on the Company's website (www.cineworldplc.com) and may be inspected at the registered office of the Company at 8th Floor, Vantage London, Great West Road, Brentford TW8 9AG during normal business hours on any Business Day up to and including the date of Re-admission.