Good Spirits defaults on loan, loses CEO

Not so Good Spirits as bar group says it has defaulted on its loan.

Wed, 03 Jan 2024

Listed bar group Good Spirits Hospitality has defaulted on a loan, been placed into a trading halt and shareholder Geoff Tuttle says he is no longer its chief executive. In a statement to the New Zealand Stock Exchange on Wednesday, Good Spirits Hospitality (GSH) said it had defaulted on the terms of its $19.25 million term facility which expired on Dec 31 and the money was now due to lender Pacific Dawn. Stock exchange regulator NZX RegCo placed the company’s shares into a trading halt before the market opened on Wednesday and...

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