Bank support secured, Hospitality venues close as mandated
25 March 2020
BANKING SUPPORT SECURED. HOSPITALITY VENUES CLOSE UNDER GOVERNMENT
MANDATE.
Moa Group (NZX: MOA) gives an update following the recent requirement to close all Hospitality
operations and Government business support package announcement.
The Group confirms all venues were closed as of 24 March 2020, in line with the Government’s COVID-19
requirements, and all employees continue to receive updates on our position. Discussions continue with
our suppliers and landlords during this time.
Moa Group acknowledges the business support packages offered by the Government. This, along with
the additional and reaffirmed support of the Group’s banking partner, gives the Group confidence to
navigate through the next financial year.
The Beverages business confirms it is an essential service and its trading has been unseasonably strong in
the current environment. The impact to our Hospitality business in the final weeks of the financial year
(ending 31 March 2020) will impact the recent guidance provided to the market. The Group is currently
assessing the significance of this impact and will update the market as new material information
becomes available.
For more information contact:
Geoff Ross
021 424219
About Moa Group Limited
Moa Group Limited (NZX: MOA) is a brewing and hospitality company owned by and based in New
Zealand. The Group is made of two segments: Moa Beverages, which brews and distributes Moa branded
craft beers and ciders, and Moa Hospitality, trading as Savor Group Limited, which owns and operates
restaurants and bars across New Zealand following the acquisition of the Savor Group and Non Solo Pizza
businesses in April and September 2019 respectively.
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.
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