Cineworld has announced that it will be filing for administration for hundreds of screens as part of a UK-wide restructuring plan that could wipeout its shareholders.
The second largest cinema chain, which operates 128 screens across the UK and Ireland, said it will apply for administration for the London-listed company in July, which will see shares in the firm suspended.
But it stressed the move will not impact the British operations for the holding company, with cinemas continuing to remain open as usual.
