G50 Corp (ASX:G50) has requested a trading halt on its securities on the Australian Securities Exchange. The halt will begin on Tuesday, November 19, 2024, and is planned to last until the earlier of normal trading on Thursday, November 21, 2024, or the release of an upcoming announcement. This relates to a proposed capital raising by the company.
G50 Corp (ASX:G50) has temporarily halted trading of its securities to facilitate an impending capital raising announcement. This measure, in compliance with ASX Listing Rule 17.1, ensures the company maintains its continuous disclosure obligations. The halt is set to conclude by the start of normal trading on November 21, 2024, or upon the announcement's release, whichever comes first. G50 Corp aims to provide clarity and manage market expectations through this strategic pause. The company also ensures stakeholders are informed by designating Eryl Baron, Company Secretary, as the contact point for further inquiries.
The halt is necessary for the company to manage its continuous disclosure obligations.