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Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
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SCHEDULE 13D/A 0001193125-23-214405 0001887451 XXXXXXXX LIVE 3 Common Stock, par value $0.01 per share 09/25/2025 false 0001377630 635309206 National CineMedia, Inc. 6300 S. Syracuse Way Suite 300 Centennial CO 80111 Kara Bingham Regan (44) (20) 7534 0450 2nd Floor East, Carrington House 123-130 Regent Street London X0 SW1Y 6LX Frank G. Zarb (202) 416-6800 Proskauer Rose, LLP 1001 Pennsylvania Ave. NW, Suite 600 S Washington DC 20004 0001989231 N Mubashir Mukadam OO N X0 0 27144639 0 27144639 27144639 N 29.0 IN 0001989113 N Blantyre Mulanje II GP Limited OO N E9 0 4333751 0 4333751 4333751 N 4.6 CO 0001989111 N Blantyre Fund II (GP) Limited OO N E9 0 10354550 0 10354550 10354550 N 11.0 CO 0001989824 N Blantyre Fund III (GP) Limited OO N E9 0 4309962 0 4309962 4309962 N 4.6 CO 0001887451 N Blantyre Capital Limited OO N X0 0 27144639 0 27144639 27144639 N 29.0 IA 0001989114 N Blantyre Mulanje II DAC OO N L2 0 4333751 0 4333751 4333751 N 4.6 CO 0001989041 N BSSF II Ireland DAC OO N L2 0 10354550 0 10354550 10354550 N 11.0 CO 0001989677 N BSSF III DAC OO N L2 0 4309962 0 4309962 4309962 N 4.6 CO 0001989675 N Blantyre Mulanje III GP Limited OO N E9 0 8146376 0 8146376 8146376 N 8.7 CO 0002033550 N Blantyre Capital ICAV OO N L2 0 8146376 0 8146376 8146376 N 8.7 CO Common Stock, par value $0.01 per share National CineMedia, Inc. 6300 S. Syracuse Way Suite 300 Centennial CO 80111 Item 4 is amended and supplemented as follows: On May 22, 2024, the Board elected Nathan "Tripp" Lane as a member of the Board. Mr. Lane had been appointed in accordance with the Director Designation Agreement dated August 7, 2023 (the "Designation Agreement"), by and among the Company, the Consenting Creditor Designation Committee (as defined in the Designation Agreement) and Blantyre Capital Limited. Mr. Lane has informed the Company and the Reporting Persons that he has decided to resign as a director and member of the Board, and Blantyre has designated Simon Mullaly, who serves as a Partner with Blantyre, to replace Mr. Lane on the Board pursuant to Blantyre's rights under the Designation Agreement. The Reporting Persons anticipate that Mr. Mullaly will join the Board immediately following the effectiveness of Mr. Lane's resignation. The Reporting Persons intend to review on a continuing basis their investments in the Company. They currently intend to communicate with the Board, including with Mr. Mullaly, members of management and/or potentially other shareholders or other relevant parties with respect to operational, strategic, financial or governance matters. The Reporting Persons reserve the right, based on all relevant factors and subject to applicable law or other restrictions, at any time and from time to time, to acquire additional shares of Common Stock or other securities of the Company, dispose of some or all of the shares of Common Stock or other securities of the Company that it may own from time to time, in each case in open market or private transactions, block sales or otherwise or pursuant to ordinary stock exchange transactions effected through one or more broker-dealers whether individually or utilizing specific pricing or other instructions (including by means of Rule 10b5-1 programs), and review or reconsider their position, change their purpose, take other actions or formulate and implement plans or proposals with respect to any of the foregoing. Items 5(a) and 5(c) is amended and supplemented as follows: The Reporting Persons beneficially own an aggregate of 27,144,639 shares of the Issuer's Common Stock which constitutes 29.0% of the class outstanding. The percentage calculation assumes that there are currently 93,710,120 outstanding shares of Common Stock of the Issuer as of July 31, 2025, as reported by the Issuer in its Quarterly Report on Form 10-Q filed by the Securities and Exchange Commission on August 5, 2025. None of the Reporting Persons, and to the best of the knowledge of the Reporting Persons, any Scheduled Persons, has engaged in any transactions involving Common Stock during the past sixty days. Mubashir Mukadam /s/ Mubashir Mukadam Mubashir Mukadam 09/29/2025 Blantyre Mulanje II GP Limited /s/ Russell Burt Russell Burt, Director 09/29/2025 Blantyre Fund II (GP) Limited /s/ Russell Burt Russell Burt, Director 09/29/2025 Blantyre Fund III (GP) Limited /s/ Russell Burt By: Russell Burt, Director 09/29/2025 Blantyre Capital Limited /s/ Mubashir Mukadam Mubashir Mukadam, Director 09/29/2025 Blantyre Mulanje II DAC /s/ Mubashir Mukadam By Blantyre Capital Limited, as Investment Advisor, By Mubashir Mukadam, Director 09/29/2025 BSSF II Ireland DAC /s/ Mubashir Mukadam By Blantyre Capital Limited, as Investment Advisor, By Mubashir Mukadam, Director 09/29/2025 BSSF III DAC /s/ Mubashir Mukadam By Blantyre Capital Limited, as Investment Advisor, By Mubashir Mukadam, Director 09/29/2025 Blantyre Mulanje III GP Limited /s/ Russell Burt Russell Burt, Director 09/29/2025 Blantyre Capital ICAV /s/ Mubashir Mukadam By Blantyre Capital Limited, as Investment Advisor, By Mubashir Mukadam, Director 09/29/2025