Field Solutions Holdings suspends trading

Field Solutions Holdings (ASX:FSG) has requested a voluntary suspension of its securities from trading on the ASX. This follows a trading halt initiated on 16 December 2024. The suspension is due to the company not being ready to announce a proposed capital raising. It will remain until 23 December 2024 or when the announcement is made.

Summary of FSG's trading suspension

Field Solutions Holdings has requested a voluntary suspension of trading for its securities, aligned with ASX Listing Rule 17.2. The suspension, effective from 18 December 2024, is due to an anticipated announcement regarding a capital raising, which the company is not yet ready to disclose. The suspension will last until either the announcement is made or 23 December 2024. This step highlights FSG's commitment to compliance and transparent communication with stakeholders. The proposed capital raising is expected to support FSG's growth in rural, regional, and remote telecommunications, software, and cloud services.

Executive commentary on suspension

The request for suspension was made to ensure compliance with ASX Listing Rule 17.2 and to maintain orderly market conditions while the company prepares for the capital raising announcement.