FBR announces trading halt

FBR (ASX:FBR) has announced a trading halt on its securities starting 1 November 2024. The halt is due to a proposed capital raising. The halt will remain until the capital raising announcement is made or normal trading resumes on 5 November 2024. This decision has been communicated to ASX Compliance in line with Listing Rule 17.1.

Overview of FBR's trading halt and future steps

FBR (ASX:FBR) has requested a trading halt effective from 1 November 2024 as it prepares for a proposed capital raising. The halt will last until the announcement of the capital raising or the start of trading on 5 November 2024. FBR's adherence to ASX Listing Rule 17.1 highlights its compliance with regulatory standards. Aidan Flynn, the Company Secretary, ensured transparency with ASX Compliance. This move reflects FBR's strategic approach to managing its capital structure. Investors are keenly awaiting the details of the capital raising, which may influence FBR's stock value and business operations. Further announcements will provide insight into FBR's growth strategy.

Executive commentary on trading halt

Aidan Flynn, the Company Secretary, has submitted the request and confirmed that there is no further information required by the market regarding the trading halt.