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MESSAGE (ENGLISH VERSION) | |
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The Board of Managing Directors of Cinema City International N.V. (the
"Company") announces pursuant to Article 9(3) of the Commission
Regulation (EC) No. 2273/2003 of 22 December 2003 implementing Directive
2003/6/EC of the European Parliament and of the Council of the European
Union as regards exemptions for buy-back programmes and stabilisation of
financial instruments that the stabilisation period has now ended and
provides the summary of stabilisation transactions undertaken by the
Stabilisation Manager named in the table below in connection with the
offering (the "Offering") carried out on the basis of the Company's
prospectus approved on 17 November 2006 by the Netherlands Authority for
Financial Markets (Autoriteit Financiele Markten).Stabilisation
Manager: Bank Austria Creditanstalt AGStabilisation period:
Commencement: 8 December 2006End: 5 January 2007Offer Price:
PLN 19.30 per shareNumber of the Company's shares sold in the
Offering: 18,014,004 ordinary bearer shares with a nominal value of EUR
0.01 each, including 2,349,652 shares within the Over-Allotment Option
as defined belowI.T. International Theatres Limited (a major
shareholder of the Company, the "Principal Shareholder") granted to the
Stabilisation Manager an option exercisable for up to 30 days following
the allotment date to purchase from the Principal Shareholder up to an
additional 2,349,652 shares in the Company, the maximum number of which
was equal to 15% of the number of the Company's shares (15,664,352)
being offered in the Offering jointly by the Company, Israel Theatres
Limited, Mr. Amos Weltsch and Mr. Mark Segall, solely to cover
overallotments, if any, made in connection with the Offering and short
positions resulting from stabilisation transactions (the "Over-Allotment
Option", Green-shoe Option). The Over-Allotment Option (Green-shoe
Option) has been exercised by the Stabilization Manager in full. In
connection with the sale of the shares that covered the Over-Allotment
Option the Principal Shareholder received proceeds in the amount of PLN
45,348,283.60.The Stabilisation Manager has not undertaken any
stabilisation transactions.Legal grounds: Article 9(3) and
Article 11(f) of the Commission Regulation (EC) No. 2273/2003 of 22
December 2003 implementing Directive 2003/6/EC of the European
Parliament and of the Council of the European Union as regards
exemptions for buy-back programmes and stabilisation of financial
instruments in conjunction with Art. 56.1.1 of the Act on Public
Offering, Conditions Governing the Introduction of Financial Instruments
to Organized Trading, and Public Companies dated 29 July 2005.
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