KEY POINTS:
A final date has yet to be set for the listing of Geneva Finance but it is expected to go ahead by the start of July.
On Monday, the troubled finance company received approval from its investors to go ahead with a capital restructure plan which will see some of the principal invested by debenture and note holders converted to shares.
Chief executive officer Shaun Riley said the company had committed to listing on July 1 "as the latest date".
It had already received approval from the NZX before the meeting and only some minor formalities remained, Riley said.
But the company itself will go through a management reshuffle before then.
Managing director Glen Walker steps down tomorrow while chief financial officer David O'Connell will become the new managing director.
Walker and O'Connell will form the basis for a new board alongside independent chairman Brian Walsh and preference shareholder Peter Francis.
Two further positions on the board will be filled by independent directors.
Riley said independent adviser Grant Samuel was currently looking at five CVs and would make recommendations for appointments over the coming weeks.
The business has been left with 120 staff members, most of whom are based at its Mt Wellington office in Auckland. It will continue to maintain eight regional representatives.
During the moratorium the firm has been lending around $3 million a month and Riley said it did not expect that level to dip despite a downturn in consumer spending.
"Yes, consumer demand has come down. But supply has probably come down even more. We are not struggling to meet $3 million a month. We could certainly lend more than that. That's what we can lend under current cashflow levels."
Riley said the firm continued to look for further funding and was in talks with a wholesale firm which could provide a securitisation option.
Geneva has also said it is still open to buyers interested in its loan book.