FSMA Sanctions Committee reaches decision in administrative procedure

| Inside information
Kinohold Bis SA, Mr Joost Bert, PGMS NV, Mr Philip Ghekiere, and Mr Eddy Duquenne have notified the Company (Kinepolis Group NV) of the decision reached by the FSMA Sanctions Committee in the procedure initiated by the FSMA Management Committee against them (already reported on by the Company in its 2014 Annual report) for alleged inside information regarding share purchases carried out for their own account on 22 November 2011 (and concerning Kinohold Bis SA also on 23, 24 and 25 November) and which were immediately made public as part of a 'managers transaction' announcement as referred to in article 25bis § 2 of the Belgian Act of 2 August 2002.
 
The Sanctions Committee decided that the aforementioned share purchases constitute an infringement on the part of the persons involved of the legislation on inside information but that in determining the sanction imposed, consideration needs to be given to "the circumstance that there is no proof of an intentional infringement" and "the good faith of the people involved", as well as the fact that "it concerns a one-time infringement on the part of persons with an irreproachable reputation", as a result of which a simple conviction of Messrs Joost Bert, Philip Ghekiere and Eddy Duquenne constitutes a serious and adequate sanction, without the imposition of a fine being necessary. The Sanctions Committee imposed an administrative fine of € 200,000 on Kinohold Bis SA and € 15,000 on PGMS NV.
 
The Board of Directors explicitly confirms its trust in its Chairman and its Managing Directors.
 
The Board of Directors takes note of the decision of the persons involved to appeal the decision of the FSMA Sanctions Committee with the Court of Appeal. 
 
In view of the fact that an appeal will be registered by the persons involved against the decision of the FSMA Sanctions Committee, neither the Company nor the persons involved will make further comments on the decision.

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 addition to its cinema business, the Group is also active in film distribution, event organization, screen publicity and property management.

In Europe, Kinepolis Group NV has 53 cinemas spread across Belgium, the Netherlands, France, Spain, Luxembourg, Switzerland and Poland. Since the acquisition of the Canadian movie theatre group 'Landmark Cinemas' in December 2017, Kinepolis also operates 44 cinemas in Canada.

In total, Kinepolis Group currently operates 97 cinemas (45 of which it owns) worldwide, with a total of 884 screens and more than 175,000 seats. Including the acquired Canadian organization, Kinepolis employs 3,800 people, all committed to giving millions of visitors an unforgettable movie experience.

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Contact

A. Van Troos,
Corporate
Communication Manager

Kinepolis Group nv
Schelde 1
Moutstraat 132-146
B - 9000 Gent

E: pressoffice@kinepolis.com
T: +32 9 241 00 16

Contact

Kinepolis Group NV
Schelde 1
Moutstraat 132-146
B-9000 Gent

+32 9 241 00 00