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News: VRL Village Roadshow Updates On Implementation Agreement With BGH

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    25/09/20
    11:20
    Post #: 47623718

    Sept 25 (Reuters) - Village Roadshow Ltd (VRL) :

    • 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
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