Mad Butcher owner considers share buy-back
posted on 26th November 2014
Veritas Investments, owner of The Mad Butcher, is looking at a buy-back of its shares, which it considers under-valued. It is also to buy the Better Bar Company.
'At the company's annual meeting in Auckland yesterday, chairman Mark Darrow said the Veritas board would investigate a buy-back as part of a review of its capital structure early next year. Shares in Veritas last traded at $1.25, below the $1.30 price it listed at after buying the Mad Butcher chain in May last year.'
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