What’s a 4 week delay to freedom when you have this…20 Jul 2021 16:50
So didn’t all go to plan but I struggle to justify the massive drop in SP.
RNS Number : 5095Z
Cineworld Group plc
24 May 2021
FOR IMMEDIATE RELEASE
24 May 2021
Cineworld Group plc ("Cineworld" or the "Group")
Company Update
Reopening
Cineworld is pleased to report a strong opening weekend in the UK, led by the success of Peter Rabbit 2: The Runaway. This weekend's performance went beyond our expectations as customers were eager to return to the movies and enjoy the full movie experience, including the traditional popcorn which led to strong concession income.
In the US, following the opening of additional 167 cinemas, over 97% of our cinemas (502 sites) have resumed operations. In ROW, Poland and Israel will be opening at the end of the coming week and the company anticipates that most if its cinemas will be open by the end of the month.
US CARES Act Refund
The Group is also pleased to announce it has received the full $203m tax refund under the US CARES Act.