We would love to hear your thoughts about our site and services, please take our survey here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCINE.L Regulatory News (CINE)

  • There is currently no data for CINE

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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
23rd Sep 20204:46 pmRNSHolding(s) in Company
23rd Sep 202012:37 pmRNSHolding(s) in Company
23rd Sep 202012:34 pmRNSHolding(s) in Company
22nd Sep 20201:26 pmRNSHolding(s) in Company
22nd Sep 20201:23 pmRNSHolding(s) in Company
22nd Sep 20201:22 pmRNSHolding(s) in Company
21st Sep 202011:27 amRNSHolding(s) in Company
17th Sep 20205:56 pmRNSHolding(s) in Company
15th Sep 20201:30 pmRNSHolding(s) in Company
14th Sep 20205:15 pmRNSHolding(s) in Company
14th Sep 20205:11 pmRNSHolding(s) in Company
11th Sep 20202:25 pmRNSHolding(s) in Company
4th Sep 20204:04 pmRNSDirector/PDMR Shareholding
4th Sep 20202:41 pmRNSHolding(s) in Company
4th Sep 20202:10 pmRNSHolding(s) in Company
2nd Sep 20202:00 pmRNSRefinancing by major shareholder of Cineworld
2nd Sep 20202:00 pmRNSHolding(s) in Company
28th Aug 20205:13 pmRNSHolding(s) in Company
26th Aug 20205:11 pmRNSHolding(s) in Company
26th Aug 20205:07 pmRNSHolding(s) in Company
24th Aug 20202:14 pmRNSHolding(s) in Company
24th Aug 20202:13 pmRNSHolding(s) in Company
24th Aug 20202:09 pmRNSHolding(s) in Company
21st Aug 20203:51 pmRNSHolding(s) in Company
18th Aug 20201:39 pmRNSHolding(s) in Company
14th Aug 202011:06 amRNSHolding(s) in Company
13th Aug 20203:05 pmRNSHolding(s) in Company
13th Aug 20203:02 pmRNSHolding(s) in Company
3rd Aug 20203:01 pmRNSTotal Voting Rights
24th Jul 20204:34 pmRNSHolding(s) in Company
22nd Jul 20202:30 pmRNSBoard Appointment
6th Jul 20207:00 amRNSLegal proceedings commenced by Cineplex Inc.
2nd Jul 20201:06 pmRNSDirector/PDMR Shareholding
30th Jun 20204:40 pmRNSHolding(s) in Company
30th Jun 20207:00 amRNSCinemas in US and UK to reopen Friday 31st July
25th Jun 20203:55 pmRNSAdditional Listing
22nd Jun 20207:00 amRNSAdditional liquidity secured
16th Jun 20207:00 amRNSCineworld Group cinemas to reopen in July
15th Jun 202012:06 pmRNSHolding(s) in Company
15th Jun 20207:00 amRNSUpdate on proposed acquisition of Cineplex Inc.
11th Jun 20203:22 pmRNSHolding(s) in Company
1st Jun 202012:33 pmRNSTotal Voting Rights
1st Jun 202010:04 amRNSHolding(s) in Company
28th May 20207:00 amRNSCovenant amendments and additional liquidity
21st May 20204:15 pmRNSHolding(s) in Company
21st May 20209:25 amRNSHolding(s) in Company
14th May 20203:47 pmRNSChanges to Board Committees
13th May 20203:42 pmRNSResult of AGM
11th May 202011:18 amRNSBlock Listing Six Monthly Return
17th Apr 20202:15 pmRNSHolding(s) in Company

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.