Leawood, Kansas, March 12, 2024–(BUSINESS WIRE)–AMC Entertainment Holdings, Inc. (NYSE: AMC) today announced that a federal court in New York has entered an order preliminarily approving an all-parties settlement of a civil lawsuit filed by plaintiff Dennis. . J. Donahue and Mark Rubenstein, each a stockholder in AMC, filed a lawsuit under Section 16(b) of the Securities Exchange Act of 1934 (the “Exchange Act”) for AMC to recover so-called “short swing” profits. , which, in connection with the purchase and sale of AMC securities, defendants Antara Capital Master Fund LP, Antara Capital Fund GP LLC, Antara Capital LP, Antara Capital GP LLC, and Himanshu Gulati (collectively This was realized by the “Defendant Antara”). AMC is nominally a party to lawsuits brought in its interest.
The Court will hold a hearing on May 2, 2024, at 1:15 p.m., in Courtroom 12B of the Daniel Patrick Moynihan United States Courthouse, 500 Pearl Street, New York, NY, to finalize the proposal, among other things. We plan to consider whether this is the case. settlement. If ultimately approved, AMC will receive $3.3 million from Antara and Antara will be relieved of any claims for violation of Section 16(b) of the Exchange Act.
The Settlement Notice was posted on the Investor Information section of AMC's website at https://investor.amctheatres.com/notice-03-12-2024.
About AMC Entertainment Holdings Co., Ltd.
With approximately 900 theaters and 10,000 screens worldwide, AMC is the largest movie theater company in the United States, the largest in Europe, and the largest in the world. AMC has driven innovation in the exhibition industry by: Introduction of signature electric reclining seats. We offer a full selection of food and beverage options. Increase guest engagement through loyalty and subscription programs, websites, and mobile apps. It offers a premium large format experience and plays a wide range of content including the latest Hollywood releases and independent programming. For more information, please visit www.amcteatres.com.
Website information
This press release, along with other news about AMC, can be found at www.amcteatres.com. We periodically post information that we believe is important to investors in the Investor Relations section of our website at https://investor.amctheatres.com/. We use this website as a means to disclose material non-public information and to comply with our disclosure obligations under Regulation FD. We encourage investors to periodically refer to that section of our website for important information regarding AMC. The information contained on or accessible through our website is not incorporated by reference into, and is not part of, this document. Investors interested in automatically receiving news and information posted on our website can also sign up for email alerts by visiting https://investor.amctheatres.com/ Masu.
Forward-looking statements
This communication contains “forward-looking statements” within the meaning of federal securities laws, including the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include words such as “may,” “will,” “anticipate,” “estimate,” “anticipate,” “intend,” “plan,” “expect,” ”, “should”, “believe”, and other similar expressions that predict or indicate future events or trends or are not statements of historical matter. These forward-looking statements are based solely on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, economic and other future conditions. , speaks only as of the date of publication. they are made. Examples of forward-looking statements include the Company's statements regarding the settlement and its approval. These forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors and may differ from information available at the time the statements are made and/or regarding future events. Based on management's good faith beliefs at the time. They are subject to risks, trends, uncertainties and other facts that may cause actual performance or results to differ materially from those expressed or implied by the forward-looking statements. You are therefore cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. Forward-looking statements should not be construed as guarantees of future performance or results, and there are no guarantees as to exactly when such performance or results will or will be achieved. It is not meant to be shown. For more information about the risks, trends and uncertainties facing AMC, please see the section titled “Risk Factors” in our Annual Report on Form 10-K (as amended) for the year ended December 31, 2023. Please refer to the section below. risks, trends and uncertainties identified in the quarter ended September 30, 2023 and the Company's other public filings, each filed with the SEC; We do not intend, and undertake no obligation, to update the information contained herein to reflect future events or circumstances, except as required by applicable law.
Category: Company Release
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contact address
Public relations activities for investors:
John Meriwether, 866-248-3872
InvestorRelations@amcteatres.com
Media contact:
Ryan Noonan, (913) 213-2183
rnoonan@amcteatres.com