European Leisure go ahead

THE financial restructuring of European Leisure is to go ahead following the passing of resolutions at yesterday's extraordinary…

THE financial restructuring of European Leisure is to go ahead following the passing of resolutions at yesterday's extraordinary general meeting. The shareholders agreed to a rights issue to raise £11.4 million, the conversion of preference shares into new ordinary shares, the placing of new and existing ordinary shares, the redemption of convertible loan notes and the amendment of bank facilities.

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