Share
- Release Date: 14/06/13 10:38
- Summary: GENERAL: SKC: SKYCITY & Government extend date for NZICC Agreement
- Price Sensitive: No
- Download Document 1.31KB
SKC
14/06/2013 08:38
GENERAL
REL: 0838 HRS SKYCITY Entertainment Group Limited (NS)
GENERAL: SKC: SKYCITY & Government extend date for NZICC Agreement
SKYCITY and Government agree extension to finalise agreement on New Zealand
International Convention Centre
SKYCITY Entertainment Group (SKYCITY) announced today it has agreed with the
New Zealand Government to extend the date to formalise the agreement for
SKYCITY to design, build and operate the New Zealand International Convention
Centre (NZICC).
The Heads of Agreement signed on 12 May set out the key terms of SKYCITY
developing and operating the NZICC and stated that the parties had until
today, 14 June 2013, to formalise the agreement, otherwise the Heads of
Agreement automatically terminated.
"While we have made good progress since the Heads of Agreement was signed and
believe agreement will be reached, this is a relatively complex transaction
and we need more time to finalise the agreement," SKYCITY Chief Executive
Nigel Morrison says.
"Given this, we have agreed with the Government to extend the date for the
agreement to be reached to on or before 30 June 2013. We believe that if the
current momentum is maintained, all matters should be able to be concluded by
that date," Mr Morrison says.
End CA:00237392 For:SKC Type:GENERAL Time:2013-06-14 08:38:17
