Cineworld Reaches Agreement With Dissenting Shareholders Of Regal - Quick Facts

Cineworld (CINE.L) has agreed to now pay $170 million of the Judgment to the dissenting shareholders of Regal Entertainment Group. Cineworld will place $92 million into an escrow account and will paid to the dissenting shareholders no later than March 31, 2022. The funds in the escrow account will be available to Cineworld as additional liquidity under certain circumstance.

In May, judgement was received in respect of the claim by dissenting shareholders of Regal Entertainment Group arising out of its acquisition by Cineworld in 2018. The amount of the judgement is in the region of $255 million.

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