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BRIEF-Village Roadshow Updates On BGH Transaction Price Uplift Term

Published 09/11/2020, 11:39 am
Updated 09/11/2020, 11:42 am
© Reuters.
VRL
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Nov 9 (Reuters) - Village Roadshow Ltd VRL.AX :

* UPDATE ON BGH TRANSACTION-VRL.AX

* PARTIES AGREED ON CASH CONSIDERATION OF $2.32/VRL SHARE UNDER STRUCTURE A SCHEME & $2.22/VRL SHARE UNDER STRUCTURE B SCHEME

* GIVEN QUEENSLAND BORDER RESTRICTIONS AND DEFERRAL OF MAJOR FILM RELEASES, PARTIES AGREED THAT THOSE UPLIFTS WILL NOT BE PAYABLE

* INDEPENDENT EXPERT CONCLUDED THAT BGH TRANSACTION IS IN BEST INTERESTS OF VRL SHAREHOLDERS

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