SAX ann: Reponse to SMH Editorial (15/3/01)
Document date:
Thu 15 Mar 2001
Published:
Thu 15 Mar 2001 00:00:00
Document No:
230800
Document part:
A
Market Flag:
N
Classification:
STADIUM AUSTRALIA GROUP 2001-03-15 ASX-SIGNAL-G HOMEX - Sydney +++++++++++++++++++++++++ Our response has been drawn to an article appearing in this morning's edition of the Sydney Morning Herald which refers, in part, to discussions said to be taking place with the ANZ Banking Group and the State Government. Further, that we and one of our major investors, Multiplex, had recently asked the Government for more than $20 million in additional funding. We confirm that discussions with our principal secured lender, ANZ Bank, and the NSW State Government, particularly with OCA, have been held and are ongoing. As previously advised, we have been holding discussions with the AFL and the Sydney Swans and confirm that those discussions are continuing and are expected to be concluded during April 2001. FOR FURTHER ENQUIRIES, PLEASE CONTACT: Paul Isherwood EXECUTIVE CHAIRMAN Stadium Australia Management Limited Phone: (02) 8765 2002 G Winberg COMPANY SECRETARY