RE: Update on UK legal action11 Feb 2024 11:22
Hi Takeapuntortwo, apologies for radio silence - the Shareholder Group likely has a record of your holdings, but just to be safe, please could you e-mail info@cineworld-shareholders.com with number of shares and their total cost.
As an update, an e-mail will be going out to holders in the next couple of weeks regarding next steps - Acuity have outlined the broad detail of the legal challenge that is most likely to succeed. Just as a heads-up, a small contribution will be asked of holders to cover the cost of an official lawyer's letter instructing Cineworld of our legal challenge (this is a formal and necessary part of the process). The letter will cost sub £10k (precise figure not yet confirmed; I'll let you know when I do); we have a couple of hundred people signed up to the shareholder group, so if everyone chips in then it shouldn't break the bank.
Ps, I share posters' pain of having their Cine holdings vanish - not a nice feeling, but not the end of the road! I read with interest that the Neil Woodford fund debacle reached a settlement this week - I'm not trying to get anyone's hopes up (including my own), but it was reassuring to see investors get at least something back from the tawdry affair.
Cheers, and I'll post back on the board with more info as it becomes available.