Dominion Finance to resume trading

Shares in troubled Dominion Finance Holdings resume trading today after the sharemarket regulator lifted a suspension.

NZX Regulation suspended Dominion Finance's shares on July 8, after the company missed the deadline to provide its report for the year to March 31.

NZXR said yesterday it believed that shareholders' interests were best served by enabling them to deal with their shares if they wished.

In June, NZXR turned down Dominion Finance's request for a trading suspension while the finance company sought a moratorium from its creditors after becoming concerned about the liquidity of subsidiaries Dominion Finance Group and North South Finance.

Dominion Finance released further information in relation to its financial position on July 10 and August 1.

"DFH and its advisors believe that it is unable to provide the annual report as a result of uncertainty surrounding the recapitalisation proposal," NZXR said.

"NZXR does not accept DFH's position and believes ... DFH should be able to complete its report."

- NZPA