Ann: MEETING: MTF: Special meeting request

• Release Date: 16/07/14 10:46
• Summary: MEETING: MTF: Special meeting request
• Price Sensitive: No
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					MTF
16/07/2014 10:46
MEETING

REL: 1046 HRS Motor Trade Finances Limited

MEETING: MTF: Special meeting request

Motor Trade Finances Limited (MTF) has received a letter from shareholders,
who together hold 8.1% of MTF ordinary shares, requesting that MTF convene a
special meeting of ordinary shareholders to consider certain resolutions in
relation to the handling of and communication with shareholders in respect of
the Sportzone court case.  The case is an ongoing High Court civil
proceeding, brought by the Commerce Commission in December 2009, for alleged
breaches of the Credit Contract and Consumer Finance Act 2003, in respect of
credit fees charged in 39 credit contracts originated by Sportzone
Motorcycles Ltd (in liquidation).

MTF will seek clarification of certain aspects of the shareholders' request
and will update all ordinary shareholders in respect of the proposed special
meeting as soon as practicable.

Contact:

Angus Bradshaw
Managing Director
p: 03 467 7988
e: [email protected]

Glen Todd
Chief Financial Officer
p: 03 474 6370
e: [email protected]
End CA:00252780 For:MTF    Type:MEETING    Time:2014-07-16 10:46:24