Imax will not proceed with Imax China privatization

Imax confirmed that the company’s proposal to acquire Imax China’s outstanding 96.3 million shares will not proceed following a vote by Imax China shareholders. At the Extraordinary General Meeting of Imax China shareholders held October 9, 70% of the shares voted were in favor of the proposed transaction; however, votes against exceeded the 10% threshold required by Hong Kong law to defeat a privatization transaction. In total, approximately 61% of the total disinterested shares of IMAX China common stock were voted. Imax China is a Hong Kong-listed subsidiary established by Imax to oversee its business in Greater China.