Insured Group head Miller hospitalized as details of withdrawn ASX prospectus awaited

Wed, 08 Aug 2012

Aug. 9 (BusinessDesk) - Insured Group, the Australian insurer which used Lombard Group for a backdoor listing on the NZX, has withdrawn a prospectus to raise $2.25 million in Australia but details of the announcement have been delayed because managing director Wayne Miller has been hospitalized. The shares remain in a trading halt in New Zealand pending the announcement. Shareholders have approved plans to delist from the NZX and remain on the ASX and the capital raising was part of the change, with funds earmarked to repay debt. “The tradin...

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