Heartland key date still unknown

Last updated 16:36 18/09/2012

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Would-be bank Heartland New Zealand is postponing its annual meeting until the end of November in the hope that it will know by then if it has been granted banking registration.

The AGM had previously been scheduled for November 2, but will now be held on November 30.

"The board has determined to defer the AGM until the end of November, to give shareholders greater comfort that the outcome on bank registration can be meaningfully addressed at the meeting," the company said in a statement to the NZX today.

Heartland said the timing to the end of the bank registration process remained uncertain and the outcome was unknown.

Heartland's expectations of timing were based on the pace customary for New Zealand incorporated applicants.

Heartland's AGM will held at Hotel Ashburton on Friday November 30 at 3pm. Other details relating to the meeting would be advised in the notice of meeting to be sent to shareholders in due course.

The closing date for director nominations has been extended to Friday October 5. 

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- © Fairfax NZ News

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