Insured Group shares suspended from trading after again failing to deliver annual report

Mon, 07 Oct 2013

By Tina Morrison Oct. 8 (BusinessDesk) – Insured Group, whose shares last changed hands more than five months ago, was suspended from trading on the New Zealand stock exchange for failing to provide its annual report on time. The Australian insurer used the shell of failed finance company Lombard Group for a backdoor listing on the exchange in 2010. It has been late filing its annual report every year since then, excluding 2010 when the accounts reflected the Lombard business prior to the takeover. NZX Regulation said today that the company’...

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