Lions Gate board to propose collapsing dual-class share structure with 12% premium for Class A

STARZ ENTERTAINMENT CORP /CN/

Board adopted collapse of dual-class shares into single class; Class A holders receive 12% premium over Class B.
Proposal will be included in proxy/registration statement for planned separation of Studio Business and Starz later this year.
Special Committee determined the collapse is in the best interests of shareholders.
The dual-class collapse is part of the broader separation of Lionsgate's Studio Business and Starz.

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