Village Roadshow Corp. Pty. Ltd. secured ownership of all of Village Roadshow Ltd.'s ordinary shares under the newly implemented structure A scheme.

The scheme consideration of A$3.00 for each Village Roadshow share held on Dec. 18 was sent to scheme shareholders.

Village Roadshow directors Robert Kirby, Graham Burke, John Kirby, Peter Tonagh, Jennifer Fox Gambrell, Robert Le Tet and Anna Duran resigned with effect from implementation, with Julie Raffe also resigning as alternate director.

The Australian media and entertainment company named Clark Kirby, Julie Raffe and Simon Phillipson as directors with effect from implementation.

This comes after the Federal Court of Australia approved BGH Capital's A$3.00-per-share cash offer to acquire Village Roadshow through a scheme of arrangement under its structure A option.

A majority of Village Roadshow shareholders earlier voted in favor of BGH Capital's offer, which included the structure A scheme and an alternative structure B option.