Issue of Invitation Letters
July 02 2010 - 12:50PM
UK Regulatory
TIDMWFC
RNS Number : 7816O
Watford Leisure PLC
02 July 2010
2 July 2010
Watford Leisure PLC
("Watford Leisure" or the "Company")
Issue of Invitation Letters to subscribe for GBP10.142 million of
secured bonds with detachable warrants
Further to the announcement made by the board of Watford Leisure (AIM: WFL) on
18 May 2010, announcing the result of the Extraordinary General Meeting ("EGM")
held on 17 May 2010 at which a special resolution (the "Resolution") was passed
by shareholders granting, inter alia, the directors authority to allot new
securities on a non pre-emptive basis, the board announces that it has today
agreed the terms of a subscription agreement with certain of the Company's
creditors and sent invitation letters (the "Invitation Letters") to Qualifying
Shareholders (as such term was defined in the circular sent to shareholders on
28 April 2010) inviting such shareholders to subscribe for, in aggregate,
GBP10.142 million in principal amount of secured bonds with detachable warrants
(the "Proposed Subscription").
Qualifying Shareholders have until 12 July 2010 to complete and return the
application form accompanying each Invitation Letter if they wish to participate
in the Proposed Subscription.
A further announcement in respect of the take-up of the Proposed Subscription
will be made in due course.
Enquiries:
Watford Leisure PLC
Tel: 01923 496 000
Graham Taylor, Chairman
Julian Winter, Chief Executive Officer
Strand Hanson Limited
Tel: 020 7409 3494
Rory Murphy/Matthew Chandler
This information is provided by RNS
The company news service from the London Stock Exchange
END
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