SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* Blantyre Capital Ltd (Last) (First) (Middle) 52 JERMYN STREET (Street) LONDON X0 SW1Y 6LX (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol National CineMedia, Inc. [ NCMI ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 11/18/2024
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/18/2024		J(1)		8,146,376	D	(1)	10,077,951	I	See footnotes(2)(5)
Common Stock								4,333,751	I	See Footnotes(3)(5)
Common Stock								4,106,271	I	See Footnotes(4)(5)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* Blantyre Capital Ltd (Last) (First) (Middle) 52 JERMYN STREET (Street) LONDON X0 SW1Y 6LX (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Mukadam Mubashir (Last) (First) (Middle) C/O BLANTYRE CAPITAL LIMITED 52 JERMYN STREET (Street) LONDON X0 SW1Y 6LX (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Blantyre Mulanje II GP Ltd (Last) (First) (Middle) C/O BLANTYRE CAPITAL LIMITED 52 JERMYN STREET (Street) LONDON X0 SW1Y 6LX (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Blantyre Fund II (GP) Ltd (Last) (First) (Middle) C/O BLANTYRE CAPITAL LIMITED 52 JERMYN STREET (Street) LONDON X0 SW1Y 6LX (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Blantyre Fund III (GP) Ltd (Last) (First) (Middle) C/O BLANTYRE CAPITAL LIMITED 52 JERMYN STREET (Street) LONDON X0 SW1Y 6LX (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Blantyre Mulanje II DAC (Last) (First) (Middle) 55 CHARLEMONT PLACE (Street) DUBLIN L2 2 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* BSSF II Ireland DAC (Last) (First) (Middle) 55 CHARLEMONT PLACE (Street) DUBLIN L2 2 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* BSSF III DAC (Last) (First) (Middle) 55 CHARLEMONT PLACE (Street) DUBLIN L2 2 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. Represents the transfer of 8,146,376 shares by BSSF II Ireland DAC to a sub fund of Blantyre Capital ICAV without any change in the beneficial, economic or other interests of the reporting persons other than to BSSF II Ireland DAC. Blantyre Capital ICAV has filed a Form 3 as of this date, and will report together with the other reporting persons on this Form 4 in future filings.

2. Held directly by BSSF II Ireland DAC. Blantyre Fund II (GP) Limited is the general partner of the fund entity that is the indirect owner of the Issuer's securities that are held by BSSF II Ireland DAC. Each reporting person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest.

3. Held directly by Blantyre Mulanje II DAC. Blantyre Mulanje II GP Limited is the general partner of the fund entity that is an indirect owner of the Issuer's securities that are held by Blantyre Mulanje II DAC. Each reporting person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest.

4. Held directly by BSSF III DAC. Blantyre Fund III (GP) Limited is the general partner of the fund entity that is an indirect owner of the Issuer's securities that are held by BSSF III DAC. Each reporting person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest.

5. Blantyre Capital Limited ("Blantyre Capital") serves as the investment advisor for each of the fund vehicles that directly hold the reported securities, which are Blantyre Mulanje II DAC, BSSF II Ireland DAC, and BSSF III DAC, and it also serves as investment advisor to Blantyre Capital ICAV. Mubashir Mukadam is a director, Managing Partner, and Chief Investment Officer of Blantyre Capital. Each reporting person disclaims beneficial ownership of the reported securities except to the extent of its or his pecuniary interest.

	/s/ Mubashir Mukadam - for Blantyre Capital Limited, By: Mubashir Mukadam, its Director	11/20/2024
	/s/ Russell Burt - for Blantyre Mulanje II GP Limited, By: Russell Burt, its Director	11/20/2024
	/s/ Russell Burt - for Blantyre Fund II (GP) Limited, By: Russell Burt, its Director	11/20/2024
	/s/ Russell Burt - for Blantyre Fund III (GP) Limited, By: Russell Burt, its Director	11/20/2024
	/s/ Mubashir Mukadam - for Blantyre Mulanje II DAC, By: Blantyre Capital Limited, its Investment Advisor, By: Mubashir Mukadam, its Director	11/20/2024
	/s/ Mubashir Mukadam - for BSSF II Ireland DAC, By: Blantyre Capital Limited, its Investment Advisor, By: Mubashir Mukadam, its Director	11/20/2024
	/s/ Mubashir Mukadam - for BSSF III DAC, By: Blantyre Capital Limited, its Investment Advisor, By: Mubashir Mukadam, its Director	11/20/2024
	/s/ Mubashir Mukadam	11/20/2024
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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