12 Dec 2022 17:32
12 December 2022
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CINEWORLD GROUP PLC
(the "Company or Cineworld")
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Director Update
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Cineworld Group plc ("Cineworld") announces that Forum Film Ltd ("Forum Film"), its Israeli distribution subsidiary, has agreed with the Israeli Anti-Trust Authority that it was in breach of the terms of a merger agreement from 2010 (by failing to provide 8 movies to a single cinema in Tel Aviv since the merger agreement) and that Mooky Greidinger, CEO of Cineworld, was indirectly responsible for failing to prevent such breach. As a result of this agreement, an Israeli court has fined Forum Film approximately ÂŁ150,000 and has fined Mooky Greidinger personally approximately ÂŁ23,000 and given him a 6 month suspended prison sentence (conditional on him having no further anti-trust offences in the next 24 months).
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The judgment is not expected to have any impact on the continued operations of Forum Film Ltd, Cineworld Group plc or Mooky Greidinger's position as CEO of Cineworld Group plc.
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Enquiries:
Scott Brooker
Company Secretary
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LEI: 213800J2J3TOOI176M73
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