Veritas Investments Ltd (VIL) announces that the tranche of bank debt due for
repayment to ANZ on 2 October 2017 has been extended until the 30th of
November 2017, by agreement with the ANZ. The result is that the majority of
the debt now matures on 30 November 2017. The ANZ has agreed to this
extension to allow the VIL Board to continue discussions with external
parties on a number of scenarios including asset sales, mergers and
refinancing. The Board is in active discussions with a number of parties, but
all proposals remain incomplete.
In the meantime, both the Mad Butcher and Better Bar Company are trading
profitably and VIL is in compliance with its banking covenants with the ANZ.
End CA:00308089 For:VIL Type:MKTUPDTE Time:2017-10-02 10:42:41