Its not my misunderstanding its the way it is worded makes it look like they have done something underhand! Why would they come out with an RNS if everything stated was correct?
I am sorry but look at how it is worded! "Cineworld incorrectly reported its largest shareholder" - As if they have done something underhand!
"However, according to Global City Holdings’s 2020 audited annual accounts, it no longer owns Global City Theatres, which in fact owns almost all of the Greidingers’ stake in Cineworld."
Making out they no longer own 20% - Very manipulated!
The FT have been literally bombarding Cineworld with negative press which is not fact! I am glad they have come out and rubbished the last article! Just shows that you cant trust everything you read in the FT!!!!
RE: Vue cinema had this same situation31 Aug 2022 09:20
Vue is a private listed company so a bit different. They state the below. It looks like the owner has sold out
Vue has signed an agreement for its first-lien lenders to take 100% equity ownership of the business. The new backers are believed to be financial investors and lenders as opposed to banks or private equity.
Last RNS they had 45,406,009 this RNS they have 49,968,482 and increase of 4,562,473 - If they have not bought any more how have the shares increased on the RNS?