WFC Watford Leisure

 

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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