deadline.com
Andreas Wiseman
tv
video
film
broadway
salaries
Andreas Wiseman
Coronavirus: Cineworld Suspends Dividends & Defers Exec Director Salaries & Bonuses With Fleet Of 787 Cinemas Now Closed
Reading now: 806
deadline.com
deadline.comBy Andreas Wiseman International Editor As it faces up to the huge coronavirus challenge, exhibition giant Cineworld has suspended payment of its 2019 fourth quarter dividend of 4.25c per share and upcoming 2020 quarterly dividends in a bid to “conserve cash wherever possible”.
The Regal-owner announced also today that executive directors have voluntarily agreed to defer payment of their salaries and bonuses.
Non-executive directors will defer their fees. The group’s entire estate of 787 cinemas in ten countries has been closed as a result of COVID-19, a situation the company admitted seemed “impossible to imagine a few months ago”.
Read more on deadline.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
Report this news
Related News
Celebrities
Locations