AMA Group's trading halt request

AMA Group Limited (ASX: $AMA) has requested a trading halt for the purpose of undertaking a proposed equity raising comprising a pro rata accelerated renounceable entitlement offer (Entitlement Offer) and a placement to institutional investors (Placement). The trading halt will commence with immediate effect and remain in place until the earlier of the release to the market of an announcement regarding the outcome of the institutional component of the Entitlement Offer and Placement, or the commencement of trading on Monday, 22 July 2024.

AMA Group's Equity Raising Request

AMA Group Limited has requested a trading halt in order to undertake a proposed equity raising. The trading halt is deemed necessary to allow the Equity Raising to be completed in an orderly manner. The Company Secretary, Mark Licciardo, stated that AMA Group is not aware of any reason why the trading halt should not be granted or any other information necessary to inform the market about the trading halt.

AMA Group's Equity Raising and Outlook

AMA Group Limited (ASX: $AMA) has requested a trading halt to facilitate a proposed equity raising, comprising an Entitlement Offer and a Placement to institutional investors. The trading halt will be in place until the announcement regarding the outcome of the institutional component of the Entitlement Offer and Placement or the commencement of trading on Monday, 22 July 2024. The Company aims to complete the Equity Raising in an orderly manner and is confident in the decision to request the trading halt. The market awaits further details regarding the Equity Raising and its potential impact on the Company's corporate strategy and future outlook.