April 5 (Reuters) - Treasury Wine Estates Ltd :
* DUXTON WATER LTD - TREASURY WINE ESTATES EXERCISES CALL OPTION TO ACQUIRE NSW WATER ENTITLEMENTS FROM DUXTON WATER LIMITED
* TWE EXERCISES CALL OPTION TO ACQUIRE NSW WATER ENTITLEMENTS,TWE
* RECEIVED FORMAL NOTICE FROM TWE THAT IT IS EXERCISING ITS CALL OPTION
* PROCEEDS FROM THE SALE ARE EXPECTED TO INITIALLY BE USED TO OFFSET AGAINST THE CO’S DEBT FACILITIES
* CALL OPTION TO BUY BACK 2,799 MEGALITRES OF NSW HIGH SECURITY WATER ENTITLEMENTS FROM CODEL1
* LEASE TO TWE IN RELATION TO NSW WATER ENTITLEMENTS TERMINATES
* EXPECTS USE FUNDS TO ACQUIRE ADDITIONAL WATER ENTITLEMENTS
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