Reason for trading halt and capital raising

TMK Energy Limited (ASX:TMK) has requested a trading halt for its securities listed on the ASX from the commencement of trading on Friday 27 September 2024. The reason for the trading halt is to allow TMK to manage its continuous disclosure obligations while it undertakes a capital raising. The trading halt is requested to continue until the earlier of the commencement of normal trading on Tuesday 1 October 2024 or the release of an announcement by the company in relation to the capital raising.

Company's request and compliance

TMK Energy Limited (ASX:TMK) has requested a trading halt to manage its continuous disclosure obligations while it undertakes a capital raising. The company is committed to complying with ASX Listing Rule 17.1 and has provided the necessary information for the trading halt. TMK is not aware of any reason why the trading halt should not be granted and has assured that it is not aware of any other information necessary to inform the market about the trading halt.

Outlook and conclusion

TMK Energy Limited (ASX:TMK) has taken the proactive step of requesting a trading halt to ensure compliance with its continuous disclosure obligations during a capital raising. The company's commitment to managing its obligations and providing the necessary information reflects its dedication to transparency and regulatory compliance. The capital raising indicates TMK's strategic move to strengthen its financial position, and the market awaits the announcement regarding this development. The company's proactive approach and adherence to regulatory requirements position it for potential growth and advancement in its corporate strategy.