Vending Technologies settles Soche backoff case

VTL claimed the agreement gave it rights to withdraw if adverse market conditions arose. Soche disagreed.

VTL said the settlement was for considerably less than the $A2 million Soche had sought.

It said the decision to settle had been made after quantifying the costs involved in defending the action.

Director Mervyn Doolan said VTL still wanted to expand in Australia "via our proprietary technologies and the unique licensing programmes."

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

IFT - Agreement to Sell RetireAustralia
August 8th Morning Report
Radius Care Upgrades FY26 Outlook and Releases ASM Material
August 7th Morning Report
Devon Funds Morning Note - 5 August 2025
August 5th Morning Report
RAK- Notice of Meeting and important information for shareholder
FCT - Unaudited Statement of Results - Half Year Ended 30.06.2025
thl outlines its growth roadmap
GNE - Agreements signed for Huntly capacity