Global City Holdings
Investor Relations
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31

Aug

Current report no 24 /2010 dated 31 August 2010 r. Execution of agreement with Imax® Corporation

Cinema City International N.V. with its corporate seat in Amsterdam, The Netherlands, (the "Company") notifies that it has signed an agreement (the “Agreement”) with IMAX® Corporation. According to the Agreement the Company gains an exclusive right to operate IMAX® theatres in Israel (except of Eilat city). The Agreement provides also for digitalization of all IMAX® theatres operated by Cinema City International in the CEE countries. The Company has already installed a digital projector in its IMAX® theatre in Łódź, Poland, thus in the future it is going to install additional 8 digital projectors in remaining locations.

The first master agreement between Cinema City International and IMAX® Corporation has been signed in 1998. Based on this agreement the Company has exclusive rights to operate IMAX® theatres in Poland, Hungary, the Czech Republic, Bulgaria, Romania.

 


Legal grounds: Article 5:53 and subsequent of the Dutch Act of 28 September 2006 on rules regarding the financial markets and their supervision (Act on Financial Supervision – Wft.) in conjunction with Article 56.1.1 and article 56.6 of the Polish Act on Public Offerings, Conditions governing the Introduction of Financial Instruments to Organized Trading and on Public Companies of 29 July 2005


A signature of persons authorized to represent the Company:
Mr. Nissim Nisan Cohen – Proxy