News: AAD Ardent Leisure clarifies to contents of article group has no plans to raise additional...

Jan 28 (Reuters) - Ardent Leisure Group (AAD) :

• Clarify that contrary to the contents of the article the group has no plans

  to raise additional equity.

• Group has executed a number of funding initiatives to maximise growth

  opportunities

• Group is well within its banking covenants and will continue to focus its

  capital management

• Initiatives include securing development funding of up to US$100 million
• Initiatives include, increasing the group's US debt facility by US$120

  million to US$280 million

• Initiatives will be combined with the prudent use of both the distribution

  reinvestment plan and retained earnings

• Notes the article published in the Australian newspaper and dated 28th

  January 2016.