Allied Nationwide prospectus expires briefly; due back up later today

Allied Nationwide prospectus expires briefly; due back up later today
Allied Nationwide Chairman John Loughlin confirmed to this morning that Allied Nationwide Finance's prospectus and investment statement had expired and had yet to be renewed. This meant any new money invested or reinvested with the rural financier since Friday was being put into trust until a new prospectus was registered, although this was likely to happen later today, he said. "They expired and are being registered later today," he said, adding that everything was business as usual. Allied Nationwide announced on Thursday it had secured extra equity funding worth NZ$7 million from a professional investor and was working on a wider capital restructure that was likely to be announced within a month. Allied Nationwide also released an updated annual report below on Thursday that included a NZ$34.2 million net loss. We welcome any readers' comments and insight on this report. Allied Nationwide Annual Report 2009

We welcome your help to improve our coverage of this issue. Any examples or experiences to relate? Any links to other news, data or research to shed more light on this? Any insight or views on what might happen next or what should happen next? Any errors to correct?

We welcome your comments below. If you are not already registered, please register to comment.

Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.

Your access to our unique content is free - always has been. But ad revenues are diving so we need your direct support.

Become a supporter

Thanks, I'm already a supporter.