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 interest.co.nz 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

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