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10 Jun 2008 11:00
Cineworld Group plc 10 June 2008
CINEWORLD GROUP PLC Management Statement
The Board of Cineworld Group plc ("Cineworld" or the "Group") today made the following statement:
"On 6 March 2008, Cineworld announced that, in association with Odeon Cinemas Limited ("Odeon"), it had formed a 50:50 joint venture, Digital Cinema Media Limited ("DCM"), to address cinema advertising. DCM had reached agreement in principle to acquire certain assets from Carlton Screen Advertising Limited ("CSA") for £0.5m, subject to an asset purchase agreement and a competition approval process.
Cineworld is pleased to report that the asset purchase agreement was signed between DCM and CSA on 6 June 2008. The new venture remains subject to competition approval".
-Ends-
For further information:
Georgina Briscoe 020 7153 1530
Charlotte Winder
M:Communications
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