SPK spark new zealand limited

Ann: GENERAL: SPK: Mako Networks Receivership

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    • Release Date: 24/08/15 11:12
    • Summary: GENERAL: SPK: Mako Networks Receivership
    • Price Sensitive: No
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    					SPK
    24/08/2015 11:12
    GENERAL
    NOT PRICE SENSITIVE
    REL: 1112 HRS Spark New Zealand Limited
    
    GENERAL: SPK: Mako Networks Receivership
    
    Market Release
    
    24 August 2015
    
    MAKO NETWORKS RECEIVERSHIP
    
    Spark New Zealand has previously provided asset financing to a technology
    company, Mako Networks ("Mako"). Last week Mako was placed in liquidation and
    Spark New Zealand has subsequently appointed receivers to Mako.
    
    Over the last two financial years, Spark New Zealand has made provisions
    against this receivable in its financial statements and is comfortable with
    the carrying value.
    
    -ENDS-
    
    For media queries, please contact:
    Andrew Pirie
    General Manager Corporate Relations +64 (0) 27 555 0275
    
    For investor relations queries, please contact:
    Stefan Knight
    General Manager Finance and Business Performance +64 (0) 27 252 9438
    End CA:00268940 For:SPK    Type:GENERAL    Time:2015-08-24 11:12:38
    				
 
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