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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Cineworld Group Plc | LSE:CINE | London | Ordinary Share | GB00B15FWH70 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.381 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMCINE
RNS Number : 7352N
Cineworld Group plc
11 May 2018
FOR IMMEDIATE RELEASE
11 May 2018
CINEWORLD GROUP PLC
Change in Presentation Currency
Following completion of the acquisition of Regal Entertainment Group on 28 February 2018, a significant majority of the revenue, costs and cash flow of Cineworld Group plc (the "Company" or "Cineworld") and its subsidiaries (together the "Group") is now generated in the United States in US Dollars.
Accordingly, the Board has determined that, for financial periods beginning on or after 1 January 2018, the Company will change the presentational currency in which the Group presents its consolidated financial results from pounds sterling to US Dollars. The Board believes that, with the preponderance of US earnings within the Group, the change in currency will provide a more meaningful understanding of Cineworld's financial performance by more accurately reflecting the profile of its operations. At the same time the change will reduce the impact of currency movements on reported results.
The trading update to be published on 16 May 2018, the interim results for the six months ending 30 June 2018 and the full-year financial report for the year ending 31 December 2018 will be presented in US Dollars and will include all comparative information in US Dollars.
Contacts
Cineworld Group Powerscourt: plc: Israel Greidinger 020 8987 5000 Elly Williamson +44 (0)20 7250 1446 Nisan Cohen 020 8987 5000 Nick Dibden cineworld@powerscourt-group.com Manuela Van 020 8987 5000 Lisa Kavanagh Dessel
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCAMMMTMBTBTAP
(END) Dow Jones Newswires
May 11, 2018 02:00 ET (06:00 GMT)
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