12 May 2022 15:20
12 May 2022
CINEWORLD GROUP PLC
(the "Company")
Results of Annual General Meeting
The Company is pleased to announce that, at its Annual General Meeting held earlier today (the "AGM"), all resolutions were passed on a poll, which included proxies lodged before the meeting.
The Board notes that, although Resolution 2 (Approval of the Remuneration Report) was passed with the necessary majority, 22.88% of votes received were against the resolution. The Remuneration Committee wrote to shareholders in advance of the AGM and responded to the minority of shareholders who expressed concern on the remuneration of the Executive Directors in 2021 and we are pleased that the majority of shareholders have voted in favour of the Remuneration Report at the AGM. However, in light of the votes against Resolution 2 at the AGM the Board will continue its dialogue with shareholders on remuneration matters in order to understand their views and the reasons behind the result. All other resolutions were passed with high levels of support ranging between 88% and 99%, and full details of the number of votes for and against the resolutions will be made available on the Company's website at www.cineworldplc.com. In accordance with the provisions of the 2018 UK Corporate Governance Code, the Company will provide an update on the views received from shareholders and actions taken no later than six months after the AGM.
Copies of the resolutions constituting special business will shortly be submitted to the UK Listing Authority via the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
LEI: 213800J2J3TOOI176M73
For further details, please contact:
Cineworld Group plc Israel Greidinger Nisan Cohen Manuela Van Dessel | investors@cineworld.co.uk 8th Floor, Vantage London Great West Road Brentford TW8 9AG
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Media James Leviton Ed Treadwell
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cineworld-lon@fgh.com +44 (0)20 7251 3801 |