James J. Cotter Living Trust Enters 10b5-1 Trading Plan in 2021
January 22 2021 - 9:39PM
Business Wire
Reading International, Inc., announced today that the James J.
Cotter Living Trust (the “Living Trust”) has entered into a 10b5-1
trading plan (the “Trading Plan”) with the Company pertaining to
the sale by the Living Trust of up to 276,000 shares of Class A
Non-Voting Common Stock over a period from January 25, 2021 through
and including June 4, 2021, or such earlier date as all such shares
are sold, unless the Trading Plan is terminated earlier pursuant to
its terms. The Company is advised that, like the 10b5-1 trading
plan executed in 2020 by the Co-Trustees of the Living Trust, the
purpose of these anticipated sales pursuant to the Trading Plan is
to provide liquidity to pay certain estate taxes of the Estate of
James J. Cotter (the “Estate”) pursuant to the terms of the
Estate’s agreement with the Internal Revenue Service, as well as to
pay other expenses of the Living Trust. The Trading Plan requires,
among other things, that such sales comply with the requirements of
Rule 144 of the Securities Act. Ellen Cotter, the President and
Chief Executive Officer of the Company and Margaret Cotter, the
Chair and Executive Vice President – Real Estate Management and
Development NYC of the Company are the Co-Trustees of the Living
Trust.
About Reading International, Inc.
Reading International Inc. (NASDAQ: RDI), an internationally
diversified cinema and real estate company, is a leading
entertainment and real estate company, engaged in the development,
ownership and operation of cinemas and retail and commercial real
estate in the United States, Australia, and New Zealand. The family
of Reading brands includes cinema brands: Reading Cinemas, Angelika
Film Centers, Consolidated Theatres, City Cinemas, and the State
Cinema; live theatres operated by Liberty Theatres in the United
States; and signature property developments, including Newmarket
Village, Auburn Redyard, Cannon Park, and The Belmont Common in
Australia, Courtenay Central in New Zealand, and 44 Union Square in
New York City.
Additional information about Reading can be obtained from the
Company's website: http://www.readingrdi.com.
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Reading International, Inc. Gilbert Avanes, Executive Vice
President & Chief Financial Officer Andrzej Matyczynski,
Executive Vice President for Global Operations (213) 235-2240
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