Wellington provides funding update
®
is a registered Trade Mark of Wellington Drive Technologies WT 9205
Wellington Drive Technologies Ltd
P: +64 9 477 4500 E: info@wdtl.com
21 Arrenway Drive, Rosedale, Auckland 0632
PO Box 302-533 North Harbour, Auckland 0751, New Zealand
www.wdtl.com
10 July 2019
Media Release
For immediate release
Wellington provides funding update
Wellington Drive Technologies Ltd is pleased to advise that the Company’s trade finance facility with Bank of
New Zealand (announced 15 January 2019) has been increased from NZ$1.5m to NZ$2.0m. All other terms
of the facility remain unchanged.
Wellington also advises the repayment date of the loan advance from Meta Capital (described in note 4.1 to
its 2018 Annual Report) has been extended to 31 March 2020. All other terms of the loan remain
unchanged.
About Wellington Drive Technologies:
Wellington is a leading provider of IoT solutions, cloud-based fleet management platforms, energy-efficient electronic
motors and connected refrigeration control solutions. It serves some of the world’s leading food and beverage brands
and refrigerator manufacturers and offers proximity-based marketing for Smart Cities to the Australian market.
Wellington’s services and products improve sales, decrease costs and reduce energy consumption. Headquartered in
Auckland with a global reach, Wellington is listed on the New Zealand stock exchange under the ticker symbol NZ:WDT
For further information visit
www.wdtl.com
Contact:
Steve Hodgson
Senior Vice President, Commercial
ph +64 21 843-029
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
Other issuers discussed similar conditions around this time
Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.
- IFT — Infratil Limited: Full year results announcement for the year ended 31 March2019-05-16
“Wellington Airport Strong earnings growth and completion of significant infrastructure projects Financial •EBITDAF of $101.4 million, 6.2% growth on last year •Over 6.4 million passengers, a 4.4% (or 269,000) increase on last year, with the highest annual domestic growth i…”
- AGL — Accordant Group Limited: MEDIA RELEASE2019-05-29
“Level 6, 51 Shortland Street PO Box 105 675, Auckland 1143 Tel 09 526 8770 Fax 09 579 0224 www.awfmadison.co.nz While further failures among AWF’s construction industry customers cannot be ruled out, as a result of applying stricter credit terms, AWF now has a higher-qualit…”
- PFI — Property for Industry Limited: Earnings Growth, Valuation Gains, 2019 Priorities Advanced2019-08-18
“NZX and media announcement — 19 August | 2019 Page 5 the year ahead. Employment intentions also fell during the month from zero to a net 6% of firms expecting to cut jobs. Amidst ongoing trade tensions between major economies, rising protectionism and s…”