Clarification19 Apr 2023 12:57
Apologies late to the party / funeral.
Proposed Restructuring does not provide for any recovery for holders of Cineworld's existing equity interests.
Can someone clarify for me if this sentence means that the lenders will be in full control of the plan is accepted and there is no equity left at all for shareholders e.g. McColls and Morrisons. Or does it mean that the value of each shareholding is miniscule, perhaps even lower than current sp?