Village Roadshow Limited (‘Village’) announced that it has been informed by its major shareholder, Village Roadshow Corporation Pty Ltd (‘VRC’) that VRC is no longer working on a proposal for the potential privatisation of Village.
VRC has told Village that it does not intend to make a privatisation proposal for various reasons including its inability to arrange finance on terms acceptable to VRC.
The board of Village will consider alternative capital management strategies in due course.
Contacts:
Citadel - Peter Brookes - 0407 911 389
UBS - Kelvin Barry - 03 9242 6248
Village Roadshow - Peter Jonson - 03 9667 6632
See also:
Village Roadshow buys into Sydney Attractions Group
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