IMAX Corporation Announces Authorization Of Up To $150 Million Share Repurchase Program

IMAX Corporation Announces Authorization Of Up To $150 Million Share 
Repurchase Program 
NEW YORK, June 16, 2014 /CNW/ - IMAX Corporation (NYSE: IMAX; TSX: IMX) today 
announced that its Board of Directors has authorized the repurchase of up to 
$150 million of its common shares.  The decision reflects the Company's strong 
financial position, its positive outlook on its future cash position, and its 
focus on returning value to shareholders. The share repurchase program has a 3 
year expiration date. 
The repurchases may be made either in the open market or through private 
transactions, subject to market conditions, applicable legal requirements and 
other relevant factors.  The Company has no obligation to repurchase shares, 
and the share repurchase program may be suspended or discontinued by the 
Company at any time. While executing the share repurchase program, the Company 
is committed to retaining the financial strength and flexibility it needs to 
invest in its core business and ensuring its ability to pursue other 
opportunities that might arise. 
About IMAX Corporation IMAX, an innovator in entertainment technology, 
combines proprietary software, architecture and equipment to create 
experiences that take you beyond the edge of your seat to a world you've never 
imagined. Top filmmakers and studios are utilizing IMAX theatres to connect 
with audiences in extraordinary ways, and, as such, IMAX's network is among 
the most important and successful theatrical distribution platforms for major 
event films around the globe. 
IMAX is headquartered in New York, Toronto and Los Angeles, with offices in 
London, Tokyo, Shanghai and Beijing.  As of March 31, 2014, there were 840 
IMAX theatres (707 commercial multiplexes, 18 commercial destinations and 115 
institutions) in 57 countries. 
IMAX®, IMAX® 3D, IMAX DMR®, Experience It In IMAX®, An IMAX 3D 
Experience®, The IMAX Experience®, IMAX Is Believing® and IMAX nXos® are 
trademarks of IMAX Corporation. More information about the Company can be 
found at www.imax.com. You may also connect with IMAX on Facebook 
(www.facebook.com/imax), Twitter (www.twitter.com/imax) and YouTube 
(www.youtube.com/imaxmovies). 
This press release contains forward looking statements that are based on IMAX 
management's assumptions and existing information and involve certain risks 
and uncertainties which could cause actual results to differ materially from 
future results expressed or implied by such forward looking statements. 
Important factors that could affect these statements include, but are not 
limited to, general economic, market or business conditions; our ability to 
consummate repurchases under the share repurchase program due to changes in 
our share price corporate or other market conditions; the opportunities (or 
lack thereof) that may be presented to and pursued by the Company; the 
performance of IMAX DMR films; competitive actions by other companies; 
conditions in the in-home and out-of-home entertainment industries; the 
signing of theater system agreements; changes in laws or regulations; 
conditions, changes and developments in the commercial exhibition industry; 
the failure to convert theater system backlog into revenue; risks associated 
with investments and operations in foreign jurisdictions and any future 
international expansion, including those related to economic, political and 
regulatory policies of local governments and laws and policies of the United 
States and Canada; risks related to the Company's growth and operations in 
China; the failure to respond to change and advancements in digital 
technology; risks related to the acquisition of AMC Entertainment Holdings, 
Inc. by Dalian Wanda Group Co., Ltd.; risks related to new business 
initiatives; the potential impact of increased competition in the markets 
within which the Company operates; risks related to the Company's inability to 
protect the Company's intellectual property; risks related to Eastman Kodak 
bankruptcy and the possibility of constrained film supply; risks related to 
the Company's implementation of a new enterprise resource planning system; 
risks related to the Company's prior restatements and the related litigation; 
and other factors, many of which are beyond the control of the Company. These 
factors, other risks and uncertainties and financial details are discussed in 
IMAX's most recent Annual Report on Form 10-K and Quarterly Reports on Form 
10-Q. 
For additional information please contact: 
 
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|                                                                                                          |IMAX 
Corporation, New York                                                                                        | 


    |IMAX Corporation, New York                                                                                |        
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|                                                                                                          |Ann 
Sommerlath                                                                                                    | 


    |Teri Loxam                                                                                                |        
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|                                                                                                          |212-821-0155                                                                                                      | 


    |212-821-0100                                                                                              |        
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|asommerlath@imax.com    | 


    |tloxam@imax.com      |                                                                                             
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|Entertainment Media:                                                                                              | 


    |Business Media:                                                                                           |        
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|Principal Communications Group, Los Angeles                                                                       | 


    |Sloane & Company, New York                                                                                |        
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|                                                                                                          |Melissa 
Zuckerman/Paul Pflug                                                                                      | 


    |Whit Clay                                                                                                 |        
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|                                                                                                          |323-658-1555                                                                                                      | 


    |212-446-1864                                                                                              |        
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|melissa@pcommgroup.com| 


    |wclay@sloanepr.com|                                                                                                
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|paul@pcommgroup.com      | 

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Logo - http://photos.prnewswire.com/prnh/20111107/MM01969LOGO
 

SOURCE  IMAX Corporation 
http://www.imax.com 
http://photos.prnewswire.com/prnh/20111107/MM01969LOGO 
To view this news release in HTML formatting, please use the following URL: 
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CO: IMAX Corporation
ST: New York
NI: ENT FILM INTERNET MNA  
-0- Jun/16/2014 11:50 GMT
 
 
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