Opening of a new Cinema City multiplex in Timisoara, Romania
The Board of Managing Directors of Cinema City International N.V. (the “Company”) is informing about the opening on 30 November 2007 of a new multiplex in Timisoara, Romania.
Cinema City Timisoara is the Company’s second multiplex in Romania. A modern 7-screen cinema with 970 seats is located on a leased area of the new shopping center Iulius Mall.
Funds spent on this investment were primarily sourced from the Company’s own funds and from proceeds gained in its initial public offering.