Skin Elements trading halt announcement

Skin Elements (ASX:SKN) has requested a trading halt on its ASX-listed securities. This is due to an anticipated announcement about a court application to rectify a compliance issue related to the auditor's appointment and cleansing notices under the Corporation Act 2001. The halt is also connected to a planned capital raising. Trading will resume either after the announcement or by Friday, 20 December 2024.

Skin Elements trading halt and future plans

Skin Elements has initiated a trading halt to address a compliance issue with its auditor's appointment and related legal notices as per the Corporation Act 2001. This halt is also linked to an upcoming capital raising initiative. Known for its natural and organic anti-microbial products, the company aims to resolve these compliance matters promptly while focusing on enhancing its capital structure. The trading halt is expected to last until the necessary announcements are made or until normal trading resumes on 20 December 2024.

Executive insights on trading halt

There is no other pertinent information that needs to be disclosed to the market regarding this halt.