AMC Entertainment Holdings, Inc. About special dividends for preferred stock units of AMC

LEAWOOD, Kan., August 04, 2022– (work wire) – AMC Entertainment Holdings, Inc. (NYSE: AMC) (the “Company” or “AMC”) today announced a special dividend distribution to one AMC Preferred Equity Unit (“AMC Preferred Stock Unit”) for each share of Class A common stock of AMC, par value $0.01 per share (“common stock”), vested at the close of business on August 15, 2022. The special dividend is expected to be paid at the close of business on August 19, 2022.

The Company has applied to list AMC Preferred Stock Units on the New York Stock Exchange (“NYSE”) under the symbol “APE” effective August 22, 2022, and each AMC Preferred Stock Unit is designed to have the same economic and voting rights as one share of common stock. .

Units of AMC Preferred Stock may be converted into common stock, but only if the Company proposes and the investors vote to approve an increase in the number of authorized shares of common stock, in an amount at least sufficient to permit the conversion of units of AMC Preferred Stock into common stock (through an “Adjustment of Shares”). normal”).

Regarding earnings, Adam Aaron, Chairman and CEO of AMC Entertainment, commented, “Today we reward and appreciate our enthusiastic and supportive shareholders, both to our shareholders in the United States and internationally, with dividends from AMC Preferred Equity units that will be traded on NYSE under Index symbol APE. Shareholders will receive one AMC Preferred Equity Unit for each issuer of AMC common stock they own.This means that based on 516,820,595 shares outstanding, we will issue a dividend of 516,820,595 preferred equity units from AMC.”

Aaron added, “The issuance of tradable preferred stock units only to our shareholders demonstrates who is included in our existing shareholder base, and provides another avenue for our investors to participate in the continued recovery and growth of AMC.”

Aaron emphasized, “Distribution of dividends from AMC Preferred Equity units exclusively to our shareholders is in our opinion perhaps the single largest action we will take in 2022 to fundamentally strengthen AMC over the long term. The new AMC Preferred Equity gives AMC currency that can be used in the future to strengthen our balance sheet, including in that by paying down debt or raising new capital. As a result, this greatly reduces any near-term survival risk for AMC, as we continue to work our way through this pandemic. It can also provide AMC with added capital that enables us From looking for investment opportunities that can create significant shareholder value and can be transformative in nature. All this is not good news for those who may be rooted against AMC.”

Aaron continued, “As a token of appreciation to our shareholders, and to celebrate the dividend distribution of the AMC Preferred Stock Unit, AMC NFT will exclusively release “I OWN APE.” All 765,000 existing AMC Investor Connect members, and new members who join before August 31, 2022 will be eligible for This unique NFT is free of charge to symbolize ownership of the new AMC Preferred Equity unit security.In addition, based on the popularity of the original “I OWN AMC” NFT issued in January 2022, AMC is also entitled to existing members of the Investor Connect Program and new members who joined by August 31, 2022 Get an updated version of the original NFT “I OWN AMC”, for free again with Regards.”

Aaron concluded, “AMC’s preferred stock unit dividend has tremendous potential to create meaningful value for both AMC and our shareholders as we continue our path toward recovery and transformation into the new AMC – bigger, bolder, and stronger than ever before.”

The issuance of AMC Preferred Stock Units is made possible by the authorized shareholder authorization to issue AMC Preferred Equity in 2013. Each Unit of AMC Preferred Stock is a Depository Share and represents one hundred (1/100) of the share of eligible participating Preferred Stock Transferable to a Series A Company (“Preference Shares”). Each share of the Preferred Stock may in turn be converted into one hundred (100) shares of Common Stock.

If the adjustment of common stock is approved by the shareholders, each preferred equity unit of AMC will be converted into one share of common stock and that common stock upon conversion will be distributed to AMC preferred stock unit holders on a one-to-one basis (one share of common stock). per AMC Preferred Equity Unit).

The standard date for AMC’s preferred stock unit dividend payout is the close of business on August 15, 2022. However, AMC’s preferred stock unit dividend is expected to be paid as of the business close of August 19, 2022. The New York Stock Exchange has established August 22, 2022 as the prior dividend date . If an investor sells our common stock prior to the ex-dividend date of August 22, 2022, that investor will not be entitled to receive AMC’s preferred stock unit dividend on the stock sold. Alternatively, if investors purchase our common stock prior to the ex-dividend date of August 22, 2022, they will be entitled to receive AMC’s preferred stock unit dividend on the stock purchased. Investors who trade during this period should consult with their broker.

Trading in the AMC Preferred Stock Units will commence on August 22, 2022 (the ex-dividend date) at which time the AMC Shares will not be entitled to a dividend of the AMC Preferred Stock Unit. Investors should note that on the ex-dividend date (August 22, 2022) the price of AMC’s common stock is likely to decline to reflect the fact that shares purchased on or after that date will not be entitled to the dividend.

For additional information on AMC’s preferred stock units, preferred stock, and convertibility of preferred stock into common stock, please visit the company’s website and refer to the company’s current report on Form 8-K filed today with the Securities and Exchange Commission. Descriptions of units of AMC’s preferred stock and preferred stock are eligible by reference to Form 8-K of Disclosures and Expositions.

About AMC Entertainment Holdings, Inc.

AMC is the largest movie theater company in the United States, largest in Europe and largest worldwide with approximately 950 theaters and 10,500 screens worldwide. AMC has driven innovation in the exhibition industry by: deploying its signature electric recliner chairs; offering improved choices of food and beverages; Generate greater guest engagement through loyalty and subscription programmes, website and mobile applications; Delivering premium large format experiences and playback of a variety of content including the latest Hollywood releases and independent shows.

forward-looking statements

This communication includes “forward-looking statements” within the meaning of the federal securities laws. Statements that are not historical facts, including statements about AMC’s beliefs and expectations, are forward-looking statements. In many cases, these forward-looking statements can be identified by the use of words such as “will,” “may,” “could,” “will,” “should,” “believe,” “expect,” “expect,” “estimate,” and “estimate.” Intent, “projects,” “objectives,” “objectives,” “objectives,” “forecast,” “plans,” “endeavor,” and forms of these and similar expressions. Examples of forward-looking statements include statements we make about future distributions. to shareholders, listing AMC’s preferred stock units on the New York Stock Exchange and adjusting common stock, and enhancing the future balance sheet, including debt repayment, future capital, investment opportunities, potential shareholder value, recovery and potential transformation.

Additional factors, including developments related to COVID-19, that could cause results to differ materially from those described in forward-looking statements under “Risk Factors” and elsewhere are described in our most recent annual report on Form 10-K and quarterly report. Annual Report on Form 10-Q, as well as our other filings with the US Securities and Exchange Commission (“SEC”), copies of which can be obtained by visiting the Investor Relations website at Investor.amctheatres.com or the SEC’s website at www.sec. gov.

You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indicators of when or during which such performance or results will be achieved. AMC neither intends nor assumes any duty to update any information contained herein to reflect future events or conditions, except as required by applicable law.

Classification: Corporate Edition

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Contacts

Investor Relations:
John Meriwether, 866-248-3872
InvestorRelations@amctheatres.com

Media contact:
Ryan Noonan, (913) 213-2183
rnoonan@amctheatres.com