Sharechat Logo

Diligent says it wont meet March 31 deadline to file annual report

Wednesday 19th March 2014

Text too small?

Diligent Board Member Services, which was forced to restate several years of wrongly booked revenue last month, said it won't meet a March 31 deadline to file its annual report.

The governance app software developer said it expects to deliver its report for calendar 2013 by April 30. Provided it meets that deadline, the NZX has indicated it won't take any action, the New York-based, NZX listed company said in a statement.

Diligent hired Deloitte & Touche to audit its restated financial statements for 2010, 2011 and 2012 and to audit its 2013 statements. While that allowed the company to report its preliminary full-year results on Feb. 28, Deloitte "still needs to complete both the audit of those financial statements and the audit of the restated financial statements for prior years."

Diligent confirms that it has disclosed to the market all material information required to be released under its continuous disclosure requirements, it said.

The company's shares fell 1.1 percent to $4.40.

 

BusinessDesk.co.nz



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

MARKET CLOSE: Blue-chip stocks Meridian, A2 lead market lower
NZ dollar rises on Brexit hopes, rate cut reassessment
Three not failing, just needs a new owner - MediaWorks CEO
Major investors back new CBL class action targeting directors
Rip Curl purchase a done deal on Kathmandu proxies alone
Comvita chair Neil Craig eyes the exit once he finds a new CEO
Mercury raises guidance on increased storage, high spot prices
Eroad reports strong 3Q sales growth, eyes ASX listing
MediaWorks puts TV business on the block
NZ dollar benefits as preliminary Brexit deal improves risk appetite

IRG See IRG research reports