Emperor Energy Limited (ASX:EMP) has requested an immediate trading halt for its ordinary shares on the Australian Securities Exchange (ASX) in accordance with Listing Rule 17.1. The halt is pending the release of an announcement related to a capital raise.
The trading halt has been requested to manage the company's continuous disclosure obligations as Emperor Energy expects to make an announcement to the market regarding a capital raise. The company has provided information in accordance with ASX Listing Rule 17.1, outlining the necessity of the trading halt and the expected timing of the announcement. Emperor Energy's Company Secretary, Carl Dumbrell, has stated that the company is not aware of any reason why the trading halt should not be granted or of any further information necessary to inform the market about the trading halt.
Emperor Energy Limited (ASX:EMP) has requested a trading halt in anticipation of an upcoming announcement related to a capital raise. The company aims to manage its continuous disclosure obligations and has provided details in line with ASX Listing Rule 17.1. The trading halt is expected to be lifted before the commencement of normal trading on Monday, 23 September 2024, upon the release of the announcement. Emperor Energy's proactive approach indicates its commitment to transparent communication with the market regarding the capital raise.