AMC Entertainment to issue 500 million shares, CEO says

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AMC Entertainment to issue 500 million shares, CEO says
Reuters
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Synopsis

AMC Entertainment Holdings Inc is planning to issue 500 million shares to the public, the cinema operator's top boss Adam Aron said.

AP
The company is seeking shareholder approval for the sale, he said.
AMC Entertainment Holdings Inc is planning to issue 500 million shares to the public, the cinema operator's top boss Adam Aron said in a CNBC interview on Thursday, a move that would help shore up its finances that have been hit by pandemic-related closures.

The company is seeking shareholder approval for the sale, he said.

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