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.
Citadel – Peter Brookes – 0407 911 389
UBS – Kelvin Barry – 03 9242 6248
Village Roadshow – Peter Jonson – 03 9667 6632