VRL 0.00% $3.00 village roadshow limited

News: VRL Village Roadshow Updates On Its Current Operations And New Financing

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    Aug 6 (Reuters) - Village Roadshow Ltd (VRL) :

    • PROVIDES AN UPDATE ON ITS CURRENT OPERATIONS AND NEW FINANCING.
    • ALL QUEENSLAND BASED OPERATIONS ARE CURRENTLY OPEN, OPERATING AT A REDUCED CAPACITY TO COMPLY WITH COVID SAFETY PROTOCOLS
    • CINEMAS IN METROPOLITAN MELBOURNE AND SOME AREAS OF VICTORIA ARE CLOSED IN LINE WITH VICTORIAN GOVERNMENT COVID DIRECTIVES
    • AS AT 30 JUNE , HAD A NET DEBT POSITION OF ABOUT $280 MILLION
    • SECURED ADDITIONAL FUNDING OF $70 MILLION FROM ITS EXISTING LENDERS AND QUEENSLAND TREASURY CORPORATION
    • VRL REMAINS IN NEGOTIATION WITH BGH IN RELATION TO A TRANSACTION.
    • DELAYING LARGE CAPITAL EXPENDITURE PROJECTS IN ITS CINEMA EXHIBITION DIVISION
    • GIVEN AN UNDERTAKING TO RAISE A MINIMUM OF $35 MILLION THROUGH NEW SHAREHOLDER EQUITY OR EQUITY LIKE INSTRUMENTS
 
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