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Prices & Quotes - UK Markets - Cineworld Group (CINE)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 99.10p
Change Today:
0.52p
Market Cap:
1,360.44m
Sector:
Travel & Leisure

Cineworld bonus scheme backed but third of shareholders revolt

By Michele Maatouk

Date: Monday 25 Jan 2021

LONDON (ShareCast) - (Sharecast News) - Cineworld shareholders backed plans on Monday to pay executives up to 208m in bonuses despite the fact that all of its UK sites remain closed due to the impact of the Covid-19 pandemic, with thousands of staff members on furlough.
Although resolutions were passed in support of the group's long-term incentive plan, 29.9% of shareholders opposed it.

Under the plan, chief executive Mooky Greidinger and his brother Isreal would receive 33m each in bonuses if the Cineworld share price reaches 190p - close to pre-pandemic levels - within three years. If the share price hits 380p, they would each receive 65m, with executive directors receiving shares worth a total of 208m.

The scheme required 50% shareholder support.

Chair Alicja Kornasiewicz said: "We are pleased that the plan has been supported by a wide range of our shareholders. We carried out an extensive consultation with shareholders before proposing the Plan and made amendments to reflect their feedback. We are grateful for the constructive manner in which they engaged with us and the time that they took to consider the proposal.

"We acknowledge that there were a significant number of votes cast against the plan and the board will continue to engage with shareholders on remuneration matters in the coming months in light of the feedback received during our consultation."

At 1500 GMT, the shares were down 2.5% at 4.46p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Cineworld Group Market Data

Currency UK Pounds
Price 99.10p
Change Today 0.52p
52 Week High 122.00p
52 Week Low 24.32p
Volume 4,821,898
Shares Issued 1,372.80m
Market Cap 1,360.44m
Beta 0.06

Performance Indicators

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What The Brokers Say

Strong Buy 2
Buy 0
Neutral 5
Sell 1
Strong Sell 1
Total 9
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Cineworld Group Dividends

  Latest Previous
  Special Q3
Ex-Div 20-Jun-19 12-Dec-19
Paid 05-Jul-19 10-Jan-20
Amount 20.27¢ 3.75¢

Trades for 16-Apr-2021

Time Volume / Share Price
16:35 10,895 @ 99.10p
16:35 636,153 @ 99.10p
16:29 220 @ 99.10p
16:29 1,837 @ 99.10p
16:29 527 @ 99.02p

Cineworld Group Key Personnel

CEO Moshe (Mooky) Greidinger
Chair Alicja Kornasiewicz
CFO Nisan Cohen