[Ucol-shareholders] bnz

Hi, knowing the covenant was causing the problems with the bank we emailed a copy to bnz and asked if they could check they would approve a mortgage. they have just replied to say they would need to review more documents but it is unlikely they would now give approval.

Anne has all the information from the bnz for the meeting tonight.

Bnz has asked people not to make new applications to them in the meantime. Regds roz