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