Opening of a new Cinema City multiplex in Iasi, Romania
The Board of Managing Directors of Cinema City International N.V. (the “Company”) is informing about the opening on 16 November 2007 of a new multiplex in Iasi, Romania.
Cinema City Iasi is the Company’s first multiplex in Romania. A modern 5-screen cinema with 830 seats is located on a leased area of the new shopping center Iulius Mall Iasi.
Funds spent on this investment were primarily sourced from the Company’s own funds and from proceeds gained in its initial public offering.