Aug 11 (Reuters) - Woolworths Group Ltd (WOW) :
- ANNOUNCES A PROPOSAL TO RESTRUCTURE SECURITY WOOLWORTHS HOLDS FOR ITS GUARANTEE OF MASTERS LEASES THAT TRANSFERRED TO HOME CONSORTIUM
- PROPOSAL WOULD SIMPLIFY EXISTING HOME CONSORTIUM ARRANGEMENTS WHILST KEEPING WOOLWORTHS GROUP NO WORSE OFF THAN ITS CURRENT POSITION
- HOME CONSORTIUM WILL SEEK SECURITYHOLDER APPROVAL FOR THIS PROPOSAL AT ITS 2020 AGM
- CONFIRMS PROPOSAL SOLELY RELATES TO SIMPLIFICATION OF SECURITY ARRANGEMENTS
- PROPOSAL DOES NOT REFLECT ANY INTENTION OF CORPORATE ACTIVITY IN RELATION TO HOME CONSORTIUM
- DEAL BETWEEN HICT, HOME CONSORTIUM & CO CONTAINS HICT'S UNDERTAKING TO HOLD 80 MILLION HOME CONSORTIUM STAPLED SECURITIES FOR AN AGREED TIME
Source text https://bit.ly/3gP5dXF
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