Cineworld places shares to raise funds for acquisition
Cineworld Group has announced its plans to place up to 6.40m new shares, equal to 4.5 per cent of the company's currently issued share capital, to fund in part the acquisition of City Screen Group, which trades as Picturehouse.
Cineworld Group has announced its plans to place up to 6.40m new shares, equal to 4.5 per cent of the company's currently issued share capital, to fund in part the acquisition of City Screen Group, which trades as Picturehouse.
A number of directors in the company have already said they plan to subscribe for a collective £250,000 worth of the shares.
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