Kinepolis announces start of a share buyback program
December 22 2017 - 12:01PM
Regulatory release
22 December 2017, 6 p.m.
Kinepolis Group NV announces the launch of a share
buyback program, starting on 15 January 2018, in which an agent has
been given a discretionary mandate to buy back up to 360,000 own
shares, either on the stock exchange or outside of it, between 15
January 2018 and 30 September 2018. Block trades can be considered
as well during open periods.
The share buyback will be carried out within the
conditions specified in the authorization by the Extraordinary
General Meeting of May 11, 2016. Under this authorization, the
Board of Directors is authorized to buy back own shares, under
certain conditions, to cover the 2016 Share Option plan.
The timing of the buyback of shares under this
program depends on a variety of factors, including market
conditions. The program can be stopped at any time.
During the course of the program, the company will
inform the market about the share buyback at regular intervals and
in accordance with the applicable regulations.
Contact
Kinepolis Press
Office
Kinepolis Investor Relations
+32 (0)9 241 00
16
+32 (0)9 241 00 22
pressoffice@kinepolis.com
investor-relations@kinepolis.com
About Kinepolis
Kinepolis Group NV was formed in 1997 as a result
of the merger of two family-run cinema groups and was listed on the
stock exchange in 1998. Kinepolis offers an innovative cinema
concept which serves as a pioneering model within the industry. In
Europe, Kinepolis Group NV has 48 cinemas spread across Belgium,
the Netherlands, France, Spain, Luxembourg, Switzerland and Poland.
In addition to its cinema business, the Group is also active in
film distribution, event organization, screen publicity and
property management.
Following the acquisition of the Canadian movie
theatre group 'Landmark Cinemas' in December 2017, Kinepolis Group
now operates 91 cinemas (41 of which it owns), with a total of 801
screens and more than 180,000 seats. Including the Canadian
organization, Kinepolis employs 3,750 people, all committed to
giving millions of visitors an unforgettable movie experience.
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Kinepolis Group via Globenewswire
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