NCM Statement Regarding Receipt of Director Nomination Notice from Standard General L.P.
CENTENNIAL, Colo.--(BUSINESS WIRE)--Jan. 26, 2018--
National CineMedia (NCM), the managing member and owner of 49.5% of
National CineMedia, LLC (NCM LLC), the operator of the largest
in-theater digital media network in North America, today announced that
it received a notice from Standard General L.P., a fund that owns
approximately 16.9% of NCM’s outstanding common stock, regarding its
intent to nominate two candidates to stand for election to the NCM Board
of Directors at NCM’s 2018 annual meeting of stockholders.
The Board of Directors of NCM will evaluate the proposed director
nominees and, in due course, will make a recommendation based on the
best interest of the Company and all of its stockholders. NCM
stockholders are not required to take action at this time.
About National CineMedia, Inc.
National CineMedia (NCM) is America’s Movie Network. As the #1
Millennial weekend network in the U.S., NCM is the connector between
brands and movie audiences. According to Nielsen, more than 750 million
moviegoers annually attend theaters that are currently under contract to
present NCM’s pre-show in 52 leading national and regional theater
circuits including AMC Entertainment Inc. (NYSE: AMC), Cinemark
Holdings, Inc. (NYSE: CNK) and Regal Entertainment Group (NYSE: RGC).
NCM’s cinema advertising network offers broad reach and unparalleled
audience engagement with over 20,600 screens in approximately 1,700
theaters in 187 Designated Market Areas® (all of the top 50). NCM
Digital goes beyond the big screen, extending in-theater campaigns into
online and mobile marketing programs to reach entertainment audiences.
National CineMedia, Inc. (NASDAQ: NCMI) own a 49.5% interest in, and is
the managing member of, National CineMedia, LLC. For more information,
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Source: National CineMedia, Inc.
National CineMedia, Inc.
Amy Jane Finnerty, 212-931-8117