RE: Virus Mutation21 Dec 2020 19:36
Alicja Kornasiewicz, Chair of Cineworld Group plc, commented:
"In light of the severe financial challenges facing the Group arising from the significant disruption to the entire industry, the Board is CONFIDENT this additional liquidity will PRESERVE AND MAXIMISE shareholder value over the long term.
Mooky Greidinger, CEO of Cineworld, commented:
"The measures we are announcing today deliver over $750m of extra liquidity to support our business. Over the long term, the OPERATIONAL IMPROVEMENTS we have put in place since the start of the pandemic will FURTHER ENHANCE Cineworld's PROFITABILITY AND RESILIENCE. The Group continues to monitor developments in the relevant markets in which we operate and our entire team is focused on managing our cost base. We look forward to resuming our operations and welcoming movie fans around the world back to the big screen for an exciting and full slate of films in 2021."