Novatti Group Limited (ASX:NOV) has requested a trading halt for its securities in anticipation of an upcoming announcement related to a capital raising. The trading halt will be effective immediately and is expected to remain in place until the earlier of the commencement of trading on Friday, 11 October 2024, or the release of the announcement to the market.
The trading halt has been requested by Novatti Group Limited to facilitate the forthcoming announcement concerning a capital raising. The Company Secretary, Steven Stamboultgis, has confirmed that the trading halt is sought in accordance with Listing Rule 17.1. The halt is intended to ensure that the market is appropriately informed about the upcoming capital raising initiative.
Novatti Group Limited (ASX:NOV) has made a formal request for a trading halt as it prepares to disclose details about a capital raising. The halt is expected to be in place until the announcement is made or until the commencement of trading on Friday, 11 October 2024. This move indicates the company's strategic decision to temporarily suspend trading in its securities to ensure that all investors have equal access to the forthcoming information regarding the capital raising initiative.