Wednesday, 22 May 2013
Allied Farmers Limited Ordinary Shares
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23 April 2013
Sale of Real Estate Business
Allied Farmers Limited (ALF) advises that as part of its ongoing asset
sale/debt reduction process its wholly owned subsidiary, Allied Farmers Rural
Limited, has today sold its Taranaki based real estate business, Allied
Farmers First National, to Shawn Gibbon and Owen Mills for $472,500. Mr.
Gibbon manages Allied Farmers First National presently and Mr. Mills is one
of the company''s senior
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March 2013
ALLIED FARMERS HALF YEAR RESULT
Allied Farmers Ltd (ALF) has reported an unaudited operating loss of $5.5m
for the six months to December 2012 (1HY:2011 $9.0m loss).
The six months ending 31 December 2012 has seen significant progress made
with the Group continuing to sell non-core assets to retire the secured debt.
During the period total secured debt has reduced significantly from $23.0m to
$7.5m.
The Rural Division r
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MINUTES OF THE ANNUAL MEETING OF ALLIED FARMERS LIMITED HELD AT THE TSB HUB,
CAMBERWELL ROAD, HAWERA ON TUESDAY 27 NOVEMBER 2012 COMMENCING AT 11.00am
PRESENT:
Directors: G Bluett (chairman), J Keenan, GA McDouall, P Luscombe
Officers: Steve Morrison (CEO Rural)
Shareholders: Approximately 30
APOLOGIES: Nil
The Chairman welcomed all to the meeting and introduced the directors and
Senior Management.
The Chairman confirm
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announce@nzx.com
5 March 2013
Loan Asset Sale
Allied Farmers Limited (ALF) advises that it has entered into an agreement to
sell various loan assets with nil book value to a confidential third party
("Loan Asset Sale"). The consideration for the Loan Asset Sale will result in
an immediate net payment to ALF of $100,000 and possibly up to a further
$500,000 dependent on outcomes unknown at this time. Net payments received
will be use
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announce@nzx.com
4 March 2013
Loan Enforcement Update
On 11 February 2013 Allied Farmers Limited (ALF) announced that a creditor
(the Creditor) had served a statutory demand on ALF and its wholly owned
subsidiary, Allied Farmers Investments Limited (AFIL), for payment of an
outstanding obligation plus interest accrued thereon (being a total of
$540,000) within 15 working days (the Demand).
The 15 working day period expires today.
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Revised results released due to a typo in the Consolidated Balance Sheet
,Asset - Loans and Advances
Corrected version attached with corresponding note 9 corrected.
1 March 2013
ALLIED FARMERS HALF YEAR RESULT
Allied Farmers Ltd (ALF) has reported an unaudited operating loss of $5.5m
for the six months to December 2012 (1HY:2011 $9.0m loss).
The six months ending 31 December 2012 has seen significant progress made
with the Group c
more»
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1 March 2013
ALLIED FARMERS HALF YEAR RESULT
Allied Farmers Ltd (ALF) has reported an unaudited operating loss of $5.5m
for the six months to December 2012 (1HY:2011 $9.0m loss).
The six months ending 31 December 2012 has seen significant progress made
with the Group continuing to sell non-core assets to retire the secured debt.
During the period total secured debt has reduced significantly from $23.0m to
$7.5m.
The Rural Division
more»
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25 February 2013
IRD Statutory Demand
Allied Farmers Rural Limited (AFRL)*, a wholly owned subsidiary of Allied
Farmers Limited (ALF), has received a statutory demand from the Commissioner
of Inland Revenue (IRD) for outstanding debts totaling $3.7 million.
The receipt of the statutory demand is a further enforceable event of default
under ALF''s secured loan facility. ALF''s secured lender, Crown Asset
Management Limited (CAML), has
more»
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announce@nzx.com
11 February 2013
Loan Enforcement
On 8 October 2012 Allied Farmers Limited (ALF) announced that it had received
a request for payment of a $500,000 loan due ("the Loan"). The Loan had been
scheduled to be repaid to the Lender from the proceeds of an underlying asset
due to ALF in November 2012 ("the Underlying Asset Proceeds").
As stated in the 8 October 2012 announcement, Allied requested an extension
of time fro
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21 December 2012
NZX Regulation Decision
Allied Farmers Limited
Application for waiver from Listing Rule 9.1.1
Background
1. Allied Farmers Limited ("ALF") is a Listed Issuer with ordinary shares
quoted on the NZX Main Board.
2. ALF''s assets primarily consist of ex-Hanover Finance Limited and ex-United
Finance Limited property and loan assets held by Allied Farmers Investments
Limited ("AFIL), interests in livestock salesyards,
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