Wealth warning17 Aug 2022 08:35
"In connection with these initiatives, the Group remains in active discussions with various stakeholders and is evaluating various strategic options to both obtain additional liquidity and potentially restructure its balance sheet through a comprehensive deleveraging transaction. Any deleveraging transaction will likely result in very significant dilution of existing equity interests in Cineworld."
I'd say advance warning of a Debt for Equity swap and massive dilution to existing holders.