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Veritas Investments Ltd (VIL.NZ)

VIL.NZ on New Zealand Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Veritas Investments posts FY net loss of NZ$792,999
Monday, 28 Aug 2017 11:17pm EDT 

Aug 29 (Reuters) - Veritas Investments Ltd :FY net loss of NZ$792,999 versus loss of NZ$4.6 million.FY revenue was NZ$30.8 million.  Full Article

Veritas Investments says initiated legal proceedings against Gosh Holdings
Friday, 16 Jun 2017 12:14am EDT 

June 16 (Reuters) - Veritas Investments Ltd ::Initiated legal proceedings against Gosh Holdings Ltd, purchaser of business of Nosh Group ltd.Proceedings are to enforce agreement for sale and purchase of Nosh business which completed on 24th February 2017.  Full Article

Veritas Investments settles dispute with Constellation Drive Food Market
Sunday, 5 Mar 2017 09:02pm EST 

Veritas Investments Ltd : Announces full and final settlement of all disputes with previous franchisee of Nosh Constellation Drive Store, Constellation Drive Food Market .Constellation Drive Food Market agreed to pay an undisclosed sum to OLD NGL to settle all debt, claims disputes concerning that franchise.  Full Article

Veritas Investments restates guidance for FY17
Monday, 27 Feb 2017 03:22pm EST 

Veritas Investments Ltd : Board is restating guidance for full year to revenue of $26m - $31m for FY17 . Restates guidance for full year EBITDA of $7.9m - $8.5m . Restates guidance for underlying NPAT of $3.7mln - $4.3mln for FY17 .All figures in NZ$.  Full Article

Veritas Investments says Nosh Group to sell business and assets
Wednesday, 1 Feb 2017 10:27pm EST 

Veritas Investments Ltd : Sale of Nosh food market business . Nosh Group to sell business and assets to Gosh Holding . Gross consideration for transaction is $3.98 million .Purchaser has agreed to assume Nosh's trade creditor liabilities under transaction.  Full Article

Veritas Investments updates on banking facility agreement
Tuesday, 13 Dec 2016 11:04pm EST 

Veritas Investments Ltd : Revised anz facility agreement contains a number of undertakings and milestones for group . veritas is also required to close and wind down nosh by 31 march 2017, if it cannot be sold by that date . Has entered into a committed term sheet with anz in relation to group's banking facilities . "board cannot be certain that a sale of nosh can be agreed by that date" .sale or closure of loss-making nosh business would result in non-cash asset write-downs and one-off expenditure.  Full Article

Veritas Investments updates on outlook
Thursday, 28 Jul 2016 06:39pm EDT 

Veritas Investments Ltd : Fourth quarter market update . Remains on track to achieve the previously stated underlying npat in the range of $3.0 m - $3.5 m for the year ended 30 June 2016 .  Full Article

Veritas Investments Ltd says JV partners agree to orderly wind down of Kiwi Pacific Foods business
Tuesday, 29 Mar 2016 05:37pm EDT 

Veritas Investments Ltd:Has been progressing its commercial discussions with Antares Restaurant Group.Joint venture partners have agreed to commence an orderly wind down of the Kiwi Pacific Foods Business.Wind down of the Kiwi Pacific Foods business through the sale of its assets.Says the sale process is to commence shortly.KPF will meet all of its obligations to its staff and creditors.Proceeds of the sale will first be used to repay KPF's external debt.  Full Article

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