ODEON & UCI Cinemas Holdings Ltd ("OpCo") and ODEON Property Group LLP ("PropCo") are distinct entities, each with its own corporate governance arrangements and consolidated financial results. Both are owned by Terra Firma. The structure is summarised in the diagram below.

PropCo owns the freehold or leasehold interests in 31 properties in the UK and leases them to OpCo. PropCo's income is limited to the rent from OpCo on those properties.

Terra Firma raises funds from external investors including pension funds, insurance companies, sovereign wealth funds and individuals from around the world. Its largest investors are the pension funds - investing on behalf of today's pensioners, many of them retired public employees, and the pensioners of the future. In an environment where many pension plans are under-funded or under threat, the success of Terra Firma's businesses helps to provide improved and more secure income for pensioners and other investors. Terra Firma's funds make investments in selected businesses across the world, but with particular focus on Europe. These portfolio businesses currently operate in over 60 countries globally.