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Change in Presentation Currency

11 May 2018 07:00

RNS Number : 7352N
Cineworld Group plc
11 May 2018
 

FOR IMMEDIATE RELEASE

11 May 2018

CINEWORLD GROUP PLC

Change in Presentation Currency

 

Following completion of the acquisition of Regal Entertainment Group on 28 February 2018, a significant majority of the revenue, costs and cash flow of Cineworld Group plc (the "Company" or "Cineworld") and its subsidiaries (together the "Group") is now generated in the United States in US Dollars.

 

Accordingly, the Board has determined that, for financial periods beginning on or after 1 January 2018, the Company will change the presentational currency in which the Group presents its consolidated financial results from pounds sterling to US Dollars. The Board believes that, with the preponderance of US earnings within the Group, the change in currency will provide a more meaningful understanding of Cineworld's financial performance by more accurately reflecting the profile of its operations. At the same time the change will reduce the impact of currency movements on reported results.

 

The trading update to be published on 16 May 2018, the interim results for the six months ending 30 June 2018 and the full-year financial report for the year ending 31 December 2018 will be presented in US Dollars and will include all comparative information in US Dollars.

 

 

  

 

Contacts

Cineworld Group plc:

 

Powerscourt:

 

 

Israel Greidinger

 

020 8987 5000

Elly Williamson

 

+44 (0)20 7250 1446

Nisan Cohen

 

020 8987 5000

 

Nick Dibden

 

cineworld@powerscourt-group.com

Manuela Van Dessel

020 8987 5000

Lisa Kavanagh

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCAMMMTMBTBTAP
Date   Source Headline
16th Mar 20164:35 pmRNSHolding(s) in Company
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4th Aug 201510:45 amRNSDirector/PDMR Shareholding
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7th Jul 20157:00 amRNSTrading Update
1st Jul 201511:45 amRNSTotal Voting Rights
1st Jul 20159:00 amRNSNotice of Results
12th Jun 20152:14 pmRNSHolding(s) in Company
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9th Jun 201511:24 amRNSManagement Changes
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29th May 201510:36 amRNSDirector/PDMR Shareholding
28th May 20152:15 pmRNSAdditional Listing
27th May 20154:00 pmRNSBlocklisting six monthly return
27th May 20158:30 amRNSBoard Committees Changes & Director Appointment
26th May 20152:30 pmRNSResult of AGM
26th May 20157:01 amRNSTrading Update
12th May 201512:30 pmRNSDirector/PDMR Shareholding
1st May 20159:31 amRNSTotal Voting Rights
23rd Apr 20153:39 pmRNSDirector/PDMR Shareholding
21st Apr 20154:15 pmRNSAnnual Report and Notice of AGM
21st Apr 201510:30 amRNSDirector/PDMR Shareholding
1st Apr 201511:02 amRNSTotal Voting Rights
30th Mar 20152:00 pmRNSAdditional Listing
25th Mar 20154:00 pmRNSDirectorate Change
17th Mar 20151:16 pmRNSDirector/PDMR Shareholding
12th Mar 201510:43 amRNSHolding(s) in Company
12th Mar 20157:00 amRNSPreliminary Results
11th Mar 20159:36 amRNSDirectorate Change and Board Committees
4th Mar 20151:25 pmRNSNotice of Results

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