Listed finance provider Heartland New Zealand, anticipating a decision on its banking licence application in November, has pushed out its annual meeting to the end of that month.
Heartland was formed in January last year after the $2.2 billion merger of the Canterbury Building Society, Marac Finance and the Southern Cross Building Society.
Last month, it posted a $16.5 million increase to after-tax profit at $23.6 million for the full year to June.
Heartland said yesterday in a brief market update it was shifting its annual meeting from November 2 to 30, in Ashburton.
While highlighting that the outcome of the bank application remained unknown, Heartland said moving the meeting would give shareholders comfort the application could be "meaningfully addressed" at the meeting.
Strict confidentiality surrounds applications to the Reserve Bank for a banking licence and a rejection cannot be appealed. However, an applicant can reapply.
