TIDMWFC 
 
RNS Number : 0654A 
Watford Leisure PLC 
01 October 2009 
 
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Watford Leisure PLC 
("Watford Leisure" or the "Company") 
 
 
Update re Related Party Loans 
 
 
Further to the announcement of 11 September 2009, Watford Leisure announces that 
the documentation in relation to the consolidated loan of GBP2.63 million from 
Valley Grown Salads ("VGS") to the Company has now been signed and the related 
security granted.  The terms of the loan have been varied in certain limited 
respects as follows: 
 
 
1.     The loan will now be due for repayment on demand rather than within 
twelve months of the date of 
 




        the agreement; and 


 
 
2.      The 
rate of interest will now be 3.5 per cent. over Barclays Base Rate rather than 
over LIBOR and 
 




        the interest will be paid monthly rather than on 


maturity. 
 
 
The independent directors of the Company (that is, excluding Vincenzo and 
Giacomo Russo who jointly control VGS) consider, having consulted with Strand 
Partners Limited, that the amended terms of the loan are fair and reasonable 
insofar as the Company's shareholders are concerned. 
 
 
A further announcement in respect of the Company's funding position will be made 
in due course. 
 
 
Enquiries: 
 
 
Watford Leisure PLC 
Tel:  01923 496 000 
Jimmy Russo, Chairman 
Julian Winter, Chief Executive Officer 
 
 
Strand Partners Limited 
Tel:  020 7409 3494 
Rory Murphy 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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