Veritas censured, fined $55,000 plus costs for failing to disclose Nosh plan

Wed, 18 Oct 2017

By Jonathan Underhill Oct. 19 (BusinessDesk) - Veritas Investments has been publicly censured and fined $55,000 plus costs by the NZ Markets Disciplinary Tribunal for failing to immediately disclose to the market that it had agreed to sell or close its Nosh business as a condition of continued support from its bank. The censure relates to an announcement in September 2016 by Veritas that ANZ Bank New Zealand had agreed to renew its banking facilities, rescheduling its debt obligations and reducing its debt repayments. Veritas failed to di...

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