Tivan's trading halt details and compliance

Tivan (ASX:TVN) has requested an immediate trading halt on its securities due to the placement of remaining shortfall shares from its recent pro-rata entitlement offer. The halt will last until an official announcement is made or normal trading resumes on 28 November 2024. This action is in compliance with ASX Listing Rule 17.1.

Overview and implications of Tivan's trading halt

Tivan Limited has initiated a trading halt to address the placement of shortfall shares from its recent entitlement offer. This measure is expected to remain until an announcement is made or until trading resumes on 28 November 2024. The company's action adheres to ASX Listing Rule 17.1, and it assures that no further information needs to be disclosed at this time. Tivan's move reflects a strategic approach to its capital management, potentially impacting its financial structure and investor perceptions once the halt is lifted. The company remains committed to sustainable growth, as highlighted by its branding statement. Further inquiries can be directed to Nicholas Ong, Company Secretary.

Executive commentary on trading halt

Critical. Vertical. Sustainable.