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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
29th Apr 20097:00 amRNSInterim Management Statement
14th Apr 20093:03 pmPRNAnnual Information Update
9th Apr 20094:28 pmPRNAnnual Financial Report
2nd Apr 20094:40 pmRNSSecond Price Monitoring Extn
2nd Apr 20094:35 pmRNSPrice Monitoring Extension
27th Mar 200910:59 amPRNDirector/PDMR Shareholding
12th Mar 20097:00 amRNSFinal Results
26th Feb 200912:00 pmRNSNotice of Results
26th Jan 20097:00 amRNSCineworld Doubles Digital Estate
8th Jan 20097:00 amRNS2008 Pre Close Trading Statement
5th Jan 20099:54 amPRNDirector Declaration
31st Dec 200811:00 amPRNHolding(s) in Company
7th Nov 20089:52 amPRNHolding(s) in Company
31st Oct 20085:08 pmPRNDirector/PDMR Shareholding
28th Oct 20087:00 amRNSInterim Management Statement
13th Oct 20089:51 amPRNHolding(s) in Company
10th Oct 200810:31 amPRNHolding(s) in Company
3rd Oct 20083:59 pmPRNHolding(s) in Company
30th Sep 200812:28 pmPRNHolding(s) in Company
29th Sep 20082:39 pmPRNHolding(s) in Company
24th Sep 20083:45 pmRNSAppointment of Alternate Director
22nd Sep 20085:45 pmPRNHolding(s) in Company
21st Aug 20087:00 amRNSInterim Results
4th Aug 200812:00 pmRNSNotice of Interim Results
31st Jul 20084:15 pmPRNHolding(s) in Company
2nd Jul 200812:04 pmPRNHolding(s) in Company
1st Jul 20083:40 pmRNSOFT Approval
1st Jul 20083:30 pmRNSMerger Update
1st Jul 20087:00 amRNSTrading Statement
19th Jun 200811:59 amPRNDoc re Special Business Resolutions
11th Jun 200811:51 amPRNResult of AGM
10th Jun 200811:00 amRNSManagement Statement
23rd May 20081:05 pmPRNAnnual Information Update
29th Apr 20087:00 amRNSInterim Management Statement
24th Apr 20084:03 pmRNSMerger Update
15th Apr 20083:07 pmPRNHolding(s) in Company
15th Apr 20083:04 pmPRNHolding(s) in Company
4th Apr 20084:57 pmPRNDirector/PDMR Shareholding
25th Mar 20081:21 pmPRNDirector/PDMR Shareholding
18th Mar 20087:02 amRNSFinal Results
17th Mar 200812:00 pmRNSCINEWORLD MERGER REFERRAL
13th Mar 20083:42 pmPRNHolding(s) in Company
6th Mar 20084:07 pmPRNHolding(s) in Company
6th Mar 20087:01 amRNSRe Joint Venture
18th Feb 200811:33 amRNSNotice of Results
7th Feb 200812:11 pmPRNHolding(s) in Company
1st Feb 20084:35 pmRNSPrice Monitoring Extension
18th Jan 20087:01 amRNSTrading Statement
9th Jan 20083:47 pmPRNHolding(s) in Company
3rd Jan 20084:35 pmRNSPrice Monitoring Extension

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