Dec 6 (Reuters) - Slater & Gordon Ltd SGH.AX :
* SHAREHOLDERS ASKED TO CONSIDER AND VOTE ON RECAPITALISATION OF CO ON TERMS ANNOUNCED TO ASX ON 31 AUGUST
* RECAPITALISATION IS ESSENTIAL FOR SLATER AND GORDON TO AVOID INSOLVENCY
* IMPLEMENTATION OF RECAPITALISATION TO REDUCE CO 'S TOTAL SECURED DEBT TO SUSTAINABLE LEVEL AND PREVENT BREACH OF BANKING AGREEMENTS