28 Jan 2022 07:00
FOR IMMEDIATE RELEASE
27 January 2022
Cineworld Group plc ("Cineworld")
Cineplex Inc. ("Cineplex") Litigation
Further to our announcements of December 15th and January 14th, Cineworld notes that Cineplex has submitted, on 27 January 2022, a cross-appeal to Cineworld's own appeal in respect of the decision of the Ontario Superior Court of Justice. Cineplex's cross-appeal suggests that it should be awarded alternative forms damages, if the Ontario Court of Appeal determines that the damages award of the Ontario Superior Court of Justice is incorrect.
As previously noted, Cineworld disagrees with the decision of the Ontario Superior Court of Justice and it also disagrees with the submissions of Cineplex in its cross-appeal. Cineworld shall respond to the cross-appeal as part of the appeal process. Cineworld does not expect damages to be payable whilst any appeal is ongoing.
Contacts:
Cineworld Mooky Greidinger Israel Greidinger Nisan Cohen Manuela Van Dessel
| +44 (0) 20 8987 5000 investors@cineworld.co.uk |
Finsbury James Leviton Ed Treadwell
|
+44 (0)20 7251 3801 cineworld-lon@finsbury.com |