Current report No. 07/2014 dated 13 February 2014 Proposed Combination of Cineworld Group plc with the Cinema Operations of Cinema City International N.V. - Regulatory Clearance
The Management Board of Cinema City International N.V., with its registered office in Amsterdam, the Netherlands (the “Company”) hereby announces that, further to the current report No. 2/2014 dated 10 January 2014 in which it announced that the Company and Cineworld Group plc (“Cineworld”) had entered into a combination agreement to transfer the entire issued share capital of the Company's wholly-owned subsidiary, Cinema City Holding B.V., the entity which will hold the Company's cinema operations, to Cineworld (the “Combination”), the Company was informed today that the President of the Office of Competition and Consumer Protection in Poland issued on 11 February 2014 its decision approving the Combination.
The Combination was approved by the Cineworld’s shareholders on 29 January 2014. An extraordinary general meeting of the Company will be held on 24 February 2014 at which a resolution will be proposed to approve the Combination. Subject to the satisfaction of the other conditions to completion of the Combination, the Combination is expected to complete within two weeks of the Company’s shareholder approval.