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EVT LIMITED — Capital/Financing Update 2020
Aug 20, 2020
64888_rns_2020-08-20_4d849e6f-d7b2-4479-bc71-2af26e8cc3dc.pdf
Capital/Financing Update
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21 August 2020
ASX ANNOUNCEMENT
SALE OF CINESTAR – TRANSACTION UPDATE
EVENT Hospitality & Entertainment Limited (the “Group”) today provided an update regarding the sale of its German cinema exhibition operation (“Cinestar”) to Vue International Bidco plc (the “Transaction”).
As previously announced on 2 March 2020, the Transaction was conditionally approved by the German Federal Cartel Office (“FCO”) subject to the divestment of six sites to FCO approved purchasers within a six-month period. A sale has been completed in respect of one of these six sites. The FCO has provided an extension of time for satisfaction of its conditions in respect of the remaining five divestment sites until 13 November 2020 and a sales process is ongoing.
Authorised for release by the Company Secretary
Further information
ASX Company Security Code: EVT Telephone: +61 2 9373 6600 Contact: David Stone (Company Secretary) Email: [email protected]
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EVENT HOSPITALITY & ENTERTAINMENT LIMITED | ACN 000 005 103 478 GEORGE STREET SYDNEY NSW 2000 | GPO BOX 1609 SYDNEY NSW 2001 | +61 2 9373 6600 CINEMAS | EVENT | BCC | GU FILM HOUSE | CINESTAR | MOONLIGHT HOTELS & RESORTS | RYDGES | QT | ATURA | THREDBO STATE THEATRE | EDGE DIGITAL | EDGE SERVICED OFFICES