SEC filing on Friday.Wanda now just holds a 9.8% stock ownership in AMC Entertainment as of March 3. It had cut 23.0% of the company’s outstanding common stock and 47.3% of the combined voting power of common stock back on Dec.
31.“On February 1, 2021, Wanda exercised its right to convert its remaining 46,103,784 shares of Class B Common stock into an equivalent number of shares of Class A Common Stock.
Even after conversion, Wanda may have significant influence over our corporate management and affairs, due to their representation on the Board of Directors and their 9.8% stock ownership as of March 3, 2021, based on our records and information from Wanda,” the filing reads.Also Read: AMC Theatres Will Reopen in Los Angeles on March 19, CEO.
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