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COURT PERMITS ACTAVA GROUP TO ENFORCE MARGIN CALLS ON TRITON GROUP

 SAN DIEGO, Aug. 10 /PRNewswire/ -- Triton Group Ltd. (AMEX: TGL) announced today that at a hearing before Judge Peter W. Bowie of the United States Bankruptcy Court for the Southern District of California, the court denied Triton's application for a preliminary injunction against The Actava Group Inc. (formerly Fuqua Industries Inc.) As a result of the court's ruling, Triton is required to satisfy the collateral maintenance (margin call) provisions of the loan agreement between Triton and Actava pending the hearing on Triton's motion to modify the plan of reorganization which is scheduled for Sept. 10, 1993.
 Triton owes Actava approximately $32 million under a loan agreement secured by 4.3 million common shares of Actava owned by Triton. Triton currently faces margin calls of up to $3.4 million, the result of recent declines in the per share price of Actava's stock. Triton is able to and prepared to meet its margin requirements at these levels.
 The court did not rule on the merits of Triton's motion to modify the plan, which, if granted, would modify the collateral maintenance (margin call) provisions of the loan agreement.
 Triton Group Ltd. owns, in addition to its stake in Actava, majority interests in six subsidiaries with current annual revenues in excess of $200 million.
 -0- 8/11/93
 /CONTACT: John C. Stiska, president & CEO, or Michael M. Earley, senior VP & CFO, of Triton Group Ltd., 619-231-1818/
 (TGL)


CO: Triton Group Ltd.; The Actava Group Inc. ST: California IN: SU:

JL-MF -- SD005 -- 1425 08/10/93 18:26 EDT
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Publication:PR Newswire
Date:Aug 10, 1993
Words:255
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