Sept 25 (Reuters) - Village Roadshow Ltd VRL.AX :
* ENTERED INTO AN IMPLEMENTATION AGREEMENT WITH AN ENTITY OWNED BY FUNDS MANAGED BY BGH CAPITAL
* SCHEDULED RELEASE FOR CINEMA EXHIBITION IN AUSTRALIA OF 3 FILMS IN LIST AGREED BY CO & BGH DEFERRED TO FY ENDING 30 JUNE 2022
* UNDER TERMS OF IMPLEMENTATION AGREEMENT IF A FILM DEFERRAL EVENT CONTINUES TO SUBSIST CINEMA UPLIFT OF $0.08 IS NOT PAYABLE
* CHANGE TO MOVIE SLATE FOR FY21 CURRENTLY CONSTITUTES FILM DEFERRAL EVENT UNDER IMPLEMENTATION DEAL
* VRL AND BGH ARE IN DISCUSSIONS IN RELATION TO MATTER