Heartland Group Holdings (ASX: $HGH) trading halt request details

Heartland Group Holdings Limited (ASX: $HGH) has requested a trading halt for its ordinary shares and quoted notes, pending the announcement of the outcome of the institutional component of the accelerated entitlement offer. The company aims to raise NZ$210 million through a Placement and an accelerated non-renounceable entitlement offer (ANREO), fully underwritten by Jarden Partners Limited. The trading halt is expected to last one trading day on the ASX, with the expectation of ending upon the announcement of the capital raising outcome.

Executive Commentary on Trading Halt Request

Heartland Group Holdings Limited has requested a trading halt to facilitate the Placement and institutional entitlement offer component of the ANREO. The company believes that the trading halt is necessary to ensure a fair, orderly, and transparent market, as the information about the capital raising may impact trading without all market participants being fully informed. Once the Placement and institutional entitlement offer component of the ANREO are completed, the company will release the details to the market, considering them to be price sensitive.

Summary of Heartland Group Holdings (ASX: $HGH) Trading Halt Request

Heartland Group Holdings (ASX: $HGH) has requested a trading halt to announce the outcome of its NZ$210 million capital raising through a Placement and ANREO. The company aims to ensure a fair and transparent market by temporarily halting trading until the completion of the capital raising process. Once the Placement and institutional entitlement offer component of the ANREO are finalized, Heartland will disclose the results to the market, expecting them to be price sensitive. The trading halt is anticipated to last one trading day on the ASX and end upon the announcement of the capital raising outcome.