Allied Farmers has been granted a waiver by NZX after it couldn’t provide an unaudited full-year result in the wake of the Allied Nationwide Finance receivership.
A preliminary announcement was due this week, but since its subsidiary folded, Allied has been given until September 10 to hand over its books.
NZX says Allied should be given more time to assess its financial position, and the impact the ANF receivership has had on the value of its other assets.
Allied Farmers says the gross assets of Allied Nationwide made up more than half the group’s total assets.