VIL
29/02/2016 16:18
GENERAL
PRICE SENSITIVE
REL: 1618 HRS Veritas Investments Limited
GENERAL: VIL: Kiwi Pacific Foods: Update
NZX Release
29 February 2015
Kiwi Pacific Foods: Update
Further to the market announcement of 23 December 2015, Veritas Investments
Limited (NZX:VIL) announces that Kiwi Pacific Foods Limited, Kiwi Choice
Limited and Midas Foods Limited have withdrawn their application for leave to
appeal the arbitrator's declaration in September 2015 that Antares Restaurant
Group Limited's notice to terminate the Kiwi Pacific Foods joint venture
agreement was valid.
The application has been withdrawn to facilitate commercial discussions with
Antares Restaurant Group towards finding a mutually acceptable outcome for
Kiwi Pacific Foods' future.
Veritas will continue to keep the market appraised of the developments in
this regard.
For further information, contact: Tim Cook
021 764 401
[email protected]
About Veritas Investments Limited
Veritas Investments is an NZX Main Board-listed investment company focusing
in the Food and Beverage, Franchise and Hospitality sectors. The shell
company was formed in December 2011 and made its first acquisition of the Mad
Butcher franchisor business in May 2013 through a reverse acquisition
transaction. A further investment was made in December 2013 for 50% of Kiwi
Pacific Foods Limited. In September 2014 Veritas acquired the Nosh Food
Market business. In November 2014 Veritas acquired The Better Bar Company
group business.
www.veritasinvestments.co.nz
End CA:00278526 For:VIL Type:GENERAL Time:2016-02-29 16:18:14
