CINE.L Regulatory News (CINE)

27 Apr 2007 08:42

Lehman Brothers Intl (Europe)27 April 2007 THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA. Cineworld Group plc - Initial Public Offering of Ordinary Shares Stabilisation Notice Pursuant to Core Dealing Rule 3060, Lehman Brothers International (Europe)("Lehman Brothers") hereby notifies the London Stock Exchange that it and itsaffiliates may conduct stabilising activities in relation to ordinary shares of1 pence each (the "Ordinary Shares") of Cineworld Group plc (the "Company") inconnection with the above transaction with a view to supporting the market priceof the Ordinary Shares at a level higher than that which might otherwiseprevail. Lehman Brothers confirms the following: 1. Lehman Brothers is the stabilising manager (Contact: Duncan Smith, telephone: 020 7103 2793); 2. There is no assurance that stabilisation will be undertaken and it may be stopped at any time; 3. The securities to be stabilised are the Ordinary Shares (ISIN GB00B15FWH70). There are no associated instruments that are subject to stabilisation; 4. The stabilisation period is expected to commence at 8am BST on 27 April 2007; 5. The stabilisation period is expected to end at close of business on 25 May 2007; 6. The offer price of the Ordinary Shares (the "Offer Price") is 170 pence per share; 7. In connection with the initial public offering Lehman Brothers, as stabilising manager, has entered into over-allotment arrangements with certain of the shareholders in the Company, pursuant to which Lehman Brothers may acquire, or procure acquirors for, up to 9,207,161 Ordinary Shares at the Offer Price, for the purpose of allowing Lehman Brothers to meet over-allocations in connection with the initial public offering and to cover short positions resulting from sales effected by it during the stabilisation period; 8. The over-allotment option is equivalent to 15% of the offering. The exercise period of the over-allotment option is from 27 April 2007 to 25 May 2007; 9. Stabilisation will be conducted in accordance with the FSA rules. This announcement is for information purposes only and does not constitute aninvitation or offer to underwrite, subscribe for or otherwise acquire or disposeof any securities of the Company in any jurisdiction. This announcement is not an offer of securities for sale into the United States.The securities referred to above have not been, and will not be, registeredunder the United States Securities Act of 1933 and may not be offered or sold inthe United States absent registration or an exemption from registration. Therehas not been and will not be a public offer of the securities in the UnitedStates. Lehman Brothers International (Europe), which is authorised and regulated inthe United Kingdom by the Financial Services Authority, is acting exclusivelyfor the Issuer and no-one else in connection with the initial public offering.It will not regard any other person as its clients in relation to the initialpublic offering and will not be responsible to anyone other than the Company forproviding the protections afforded to its client, nor for providing advice inrelation to the initial public offering, the contents of this announcement orany transaction, arrangement or other matter referred to herein. This information is provided by RNS The company news service from the London Stock Exchange