BRIEF-Brait SE Says Virgin Active UK Business Restructuring Sanctioned By The English Court

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BRIEF-Brait SE Says Virgin Active UK Business Restructuring Sanctioned By The English Court
Credit: © Reuters.

May 12 (Reuters) - Brait SE BATJ.J :

* BRAIT SE - VIRGIN ACTIVE UK BUSINESS RESTRUCTURING SANCTIONED BY THE ENGLISH COURT

* BRAIT SE - ON 12 MAY 2021, ENGLISH COURT SANCTIONED VIRGIN ACTIVE EUROPE RESTRUCTURING PLAN

* BRAIT SE - VIRGIN ENTERPRISES LIMITED HAS AGREED TO ROYALTY SUPPORT IN FORM OF WAIVERS AND DEFERRALS TOTALLING APPROXIMATELY GBP24 MILLION

* BRAIT SE - POST-IMPLEMENTATION FACILITY TO BE ADVANCED TO VIRGIN ACTIVE IMMEDIATELY TO FACILITATE IMPLEMENTATION OF RESTRUCTURING PLAN, RECAPITALISE

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