Diligent pushes out timeline to restate accounts, expects to avoid trading suspension

Thu, 17 Oct 2013

By Paul McBeth Oct. 17 (BusinessDesk) - Diligent Board Member Services, the governance software developer censured for a raft of administrative blunders, says it will take longer to restate its books than previously thought, though it doubts the stock exchange will suspend trading in its shares. The New York-based, New Zealand-listed firm expects to spend up to another 45 days restating its sales for the past three financial years, and says it will announce its first-half results on or before Dec. 12. The shares have plunged 46 percent from...

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