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Theme Parks: Update On The Potential Privatisation of Village

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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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