Trading Halt Initiated by IMB

Intelligent Monitoring Group (ASX:IMB) has announced a trading halt on its securities starting 5 November 2024. This decision comes as the company prepares to release important news regarding an equity raising. The halt will remain until either 7 November 2024 or until the announcement is made, following ASX Listing Rule 17.1.

IMB's Strategic Move and Future Outlook

Intelligent Monitoring Group (ASX:IMB) has placed a trading halt on its securities, effective from 5 November 2024, to facilitate a forthcoming announcement on equity raising. The halt will last until the earlier of 7 November 2024 or the announcement release. The decision aligns with ASX Listing Rule 17.1 and aims to prevent premature market reactions. IMB is focused on enhancing its financial structure through this equity raising, which is pivotal for future operations. The company is committed to maintaining transparency with stakeholders and has authorized this communication through its Board. IMB continues to operate from East Perth, WA, offering security solutions under the 'Intelligent Monitoring Solutions' brand.

Official Commentary on IMB's Trading Halt

The trading halt is sought to allow the company to make a significant announcement concerning a proposed equity raising. IMB is not aware of any reasons why the trading halt should not be granted and believes there is no additional information that needs to be disclosed to inform the market about the trading halt.