Largest volume in VRL as well for almost a year, maybe the funds...

Largest volume in VRL as well for almost a year, maybe the funds are getting back in again? Since the overhang of VRLPA may be gone?



Village Roadshow Ltd is
proposing to cancel all A class preference shares on issue for a
consideration of $1.25 a share.
The consideration to A class preference shareholders would
comprise an upfront partial cash payment of 25c, with the balance to be
satisfied by the issue of interest bearing unsecured notes which will be
repayable on deferred terms.
Managing director Mr Graham Burke said: "Since the preference
shares were originally issued, the goals and direction of the company's
core businesses have changed.
"We believe this proposal gives preference shareholders the
option to consider and vote on an alternative that may more
appropriately address their investment needs."
The proposal will require approval from both ordinary and
preference shareholders and well as the approval of the court.
The proposal will not affect ordinary shares.