Management Statement

RNS Number : 3573W

Cineworld Group plc

10 June 2008

 



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'.

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For further information:

Georgina Briscoe        020 7153 1530

Charlotte Winder

M:Communications

 

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