A new Cinema City multiplex to be run in Craiova, Romania – execution of the lease agreement (22 July 2008)
The Board of Managing Directors of Cinema City International N.V. (the "Company") informs that Cinema City Romania SRL, a wholly-owned subsidiary of the Company incorporated and existing under the laws of Romania, executed the lease agreement with the companySC Microcom Doi SRL, a company incorporated and existing under the laws of Romania.
In accordance with the above-mentioned lease agreement Cinema City Romania SRL will lease area in the shopping center in Craiova, Romania constructed by SC Microcom Doi SRL. The area will be used by the Company to operate the multiplex cinema as specified below:
No.
|
City
|
Leased area (ca. in sqm)
|
Number of screens
|
Number of seats
|
Expected opening date
|
1.
|
Craiova
|
3 000
|
10
|
approx 1,700
|
1 Q 2010
|
The multiplex in the shopping center in Craiova will be the 29th Cinema City multiplex in Romania and it is the second cinema project in the city of Craiova.