Pilot Energy (ASX:PGY) has announced a trading halt for its securities. This pause is in anticipation of a forthcoming announcement about a convertible note issued to 1 Stock Limited. The halt will last until the release of this announcement or the beginning of normal trading on December 23, 2024.
Pilot Energy Limited has taken a strategic step by requesting a trading halt on its securities due to an imminent announcement concerning a convertible note deal with 1 Stock Limited. This decision, sanctioned by the company's Managing Director and Chairman, ensures that all relevant information will be disclosed to the market efficiently. The halt is set to end with the announcement or by the opening of trading on December 23, 2024. This development underscores Pilot Energy's proactive approach in managing its financial affairs and aiming to keep stakeholders informed about significant corporate activities. The company is focused on maintaining transparency and ensuring that its trading activities reflect the latest corporate developments.
The request for the trading halt has been approved by the Managing Director and Chairman of Pilot Energy Limited.