VTL Postpones Rights Issue
AUCKLAND, 12 September 2001 – Smart-vending company Vending Technologies Limited (NZSE: VTL) today announced that it is postponing its pending rights issue until the market impact of today’s terrorist attacks in the US can be quantified.
The record date for the one for ten renounceable rights was scheduled for Friday 14 September 2001, with rights trading due to commence the following Monday 17 September 2001.
The company will make a further announcement on revised rights issue timing once the US situation has clarified.
About Vending Technologies
Vending Technologies Limited supplies and operates electronically enhanced food and beverage vending machines throughout Australasia. Established in 1997, the company manufactures, sells, maintains and services vending machines and franchises branded electronic vending businesses under its VendSmart programme.
The company has developed a proprietary computerised management system to enable tracking of all transactions, with complete revenue accountability and the ability to monitor the performance of each machine from remote locations.
Vending Technologies’ independence means it has a network of long-term alliances with leading suppliers of major branded convenience food and beverages.