Alterra's Request for Trading Halt

Alterra Limited (ASX:$1AG) has requested a trading halt for its securities from the commencement of trading on 8 December 2023. The company anticipates making an announcement to the market regarding an accelerated rights issue capital raising involving retail and institutional investors. The trading halt is expected to last until the commencement of normal trading on 12 December 2023, allowing time to complete the institutional component of the accelerated rights issue.

Company's Request Details

The company has requested the trading halt to facilitate the completion of the institutional component of the accelerated rights issue capital raising. This decision aligns with the company's strategy to engage both retail and institutional investors in the capital raising process. The halt is aimed at ensuring a fair and orderly market while the company finalizes this significant phase of the capital raising initiative.

Summary of Trading Halt Request

Alterra Limited (ASX:1AG) has requested a trading halt to prepare for an upcoming announcement related to an accelerated rights issue capital raising involving retail and institutional investors. The halt is expected to last until 12 December 2023, allowing the company to complete the institutional component of the capital raising. This move reflects the company's commitment to engaging both retail and institutional investors in its capital raising activities, ensuring a fair and orderly market during this process.