Kinepolis announces launch of next phase of share buyback programme

| Financial

Kinepolis Group NV has announced the start of a next phase of the share buyback programme in accordance with the authorization given by the Extraordinary General Meeting of 19 October 2012.

Kinepolis Group NV has announced that on 9 September 2014 the company will launch a a next phase of the share buyback programme whereby an intermediary is authorized to purchase own shares on behalf of Kinepolis Group NV between 9 September 2014 and 27 February 2015, on or outside the stock exchange, for an amount of up to 30 million euros spread over the full term of the programme, and up to a maximum of 1,500,000 own shares.

The share buyback programme is part of the strategy, announced in  2011, to optimize Kinepolis Group's capital structure in the light of increasing value creation for the shareholders. It will be carried out according to the terms of the authorization given by the Extraordinary General Meeting of 19 October 2012 to the Board of Directors to buy back, under certain conditions, up to 5,865,505 (*) own shares with a view to destruction. Following the close of the previous share buyback programme, which ran from 27 May 2013 to 21 February 2014, 4,458,645 (**) own shares still can be bought back.

The timing of the share buyback under the programme depends on a variety of factors, such as the market conditions. The programme can be discontinued at any time.
During the term of the programme, the company will, at regular intervals and in accordance with the applicable regulations, inform the market of the shares that have been bought back.

KINEPOLIS GROUP NV
Public Limited Company that is making or has made a public appeal to savings
Eeuwfeestlaan 20, 1020 Brussels
Enterprise number VAT BE 0415.928.179
RLP Brussels

(*) This maximum is the result of the number of shares which the Board of Directors was authorized to buy back by the general meeting of 19 October 2012 (i.e. 1,171,301), multiplied by five following the split of each share into five new shares of Kinepolis Group NV as of 1 July 2014. 
(**) This maximum is the result of the number of shares remaining after the close of the previous share buyback programme, which ran from 27 May 2013 to 21 February 2014, multiplied by five following the split of each share into five new shares of Kinepolis Group NV as of 1 July 2014.

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 45 cinemas in Canada.

In total, Kinepolis Group currently operates 98 cinemas (45 of which it owns) worldwide, with a total of 886 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.

More on KinepolisDownload

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