A major cinema chain which has two locations in Swindon is to file for administration following financial woes.

Cineworld has two separate cinemas in the town which can be found at Regent Circus on Victoria Road as well as Whitehill Way.

With 128 cinemas across the UK and Ireland, the company has stressed that the cinemas will continue to open as usual.

The world’s second-largest cinema chain will file for administration in the UK in July as part of a restructuring plan that is set to wipe out shareholders.

This will see shares in the firm suspended in order to support its lenders and creditors.

Cineworld said: “Cineworld continues to operate its global business and cinemas as usual without interruption and this will not be affected by the entry of Cineworld Group plc into administration.

“The group and its brands around the world – including Regal, Cinema City, Picturehouse and Planet – are continuing to welcome customers to cinemas as usual.

“The group continues to honour the terms of all existing customer membership programmes, including Regal Unlimited and Regal Crown Club in the United States and Cineworld Unlimited in the UK.”

The company’s shares have already plummeted by almost 99% over the past five years, after being hit hard by the pandemic which forced it to close some of its sites.