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 You may also connect with IMAX on Facebook  (, Twitter ( and YouTube  (  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:        Investors:                 Media:     IMAX Corporation, New York IMAX Corporation, New York     Teri Loxam                 Ann Sommerlath     212-821-0100               212-821-0155       Business Media:            Entertainment Media:     Sloane & Company, New York Principal Communications Group, Los Angeles     Whit Clay                  Melissa Zuckerman/Paul Pflug     212-446-1864               323-658-1555                           ---                        -------------------  Logo -    SOURCE  IMAX Corporation  CO: IMAX Corporation ST: New York NI: ENT FILM INTERNET MNA  
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