2008 Annual Report and Notice
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propertyfinance group limited (PFG) | 5:32 pm, Monday 8 September 2008 | PFG | 0.100 |
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NZX ANNOUNCEMENT
Propertyfinance Group limited (PFG) have provided NZX with its 2008 Annual
Report and Notice of Meeting for the Company's AGM.
While the 31 March 2008 financial statements have been audited, the Company's
auditors have been unable to issue an unqualified audit report.
This qualification stems from the Company no longer holding the financial
records for its securitisation programme and the Company's inability to
obtain the required information, so that the Directors and thereby the
auditors can form an opinion on two key assets of the Group; namely its
securitisation trust debtors and debt note investments.
Full details on the qualification are provided in the audit report and
accompanying notes to the financial statements.
The Company will continue in its efforts to obtain this information and will
advise the market of the outcome when it becomes available.
The Company's Annual General Meeting will now be held at 10.00am on Friday
the 17th of October in the Westminster Room at The Scenic Circle
Cotswold Hotel, 88-96 Papanui Road, Christchurch.
ends
