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News: VRL Village Roadshow Gets Conditional Indicative Proposal From Pacific Equity Partners

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    19/12/19
    19:35
    Post #: 42057961

    Dec 19 (Reuters) - Village Roadshow Ltd (VRL) :

    • RECEIVED A CONDITIONAL, NON-BINDING AND INDICATIVE PROPOSAL FROM PACIFIC EQUITY PARTNERS PTY LTD
    • PROPOSAL TO BUY 100% OF ISSUED SHARE CAPITAL OF CO BY WAY OF SCHEME OF ARRANGEMENT AT INDICATIVE PRICE OF $3.90 PER ORDINARY SHARE
    • CALL OPTION OVER ABOUT 19% OF CO'S ISSUED SHARES ENTERED INTO BETWEEN ASSOCIATE OF PEP & CO'S LARGEST SHAREHOLDER
    • BOARD ADVISES SHAREHOLDERS TO TAKE NO ACTION IN RESPECT TO PROPOSAL
    • PEP INDICATED WILLING TO OFFER FULL CASH CONSIDERATION OR A COMBINATION OF CASH AND SCRIP IN NEWLY INCORPORATED ACQUISITION ENTITY
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