Cineworld Group plc Director Update (4434J)
December 12 2022 - 12:32PM
UK Regulatory
TIDMCINE
RNS Number : 4434J
Cineworld Group plc
12 December 2022
12 December 2022
CINEWORLD GROUP PLC
(the "Company or Cineworld")
Director Update
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
GBP150,000 and has fined Mooky Greidinger personally approximately
GBP23,000 and given him a 6 month suspended prison sentence
(conditional on him having no further anti-trust offences in the
next 24 months).
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.
Enquiries:
Scott Brooker
Company Secretary
LEI: 213800J2J3TOOI176M73
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END
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