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.
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.