Memphasys Limited (ASX:MEM) has requested a trading halt, in accordance with ASX Listing Rule 17.1, to facilitate an orderly market in connection with an announcement regarding a proposed capital raising. The trading halt is expected to commence from the start of trading on Monday, 9 September 2024, and is anticipated to last until the announcement is made to the ASX before the commencement of trading on Wednesday, 11 September 2024. Dr. David Ali, the Managing Director and CEO of Memphasys Limited, has approved this request.
The trading halt has been requested to ensure an orderly market while the company prepares to make an announcement regarding a proposed capital raising. We anticipate that the trading halt will be lifted upon the release of the announcement to the ASX before the commencement of trading on Wednesday, 11 September 2024. We appreciate the cooperation of our stakeholders during this time.
Memphasys Limited (ASX:MEM) has requested a trading halt in connection with an upcoming announcement about a proposed capital raising. The trading halt is expected to facilitate an orderly market and is anticipated to be lifted upon the release of the announcement before the commencement of trading on Wednesday, 11 September 2024. The company's Managing Director and CEO, Dr. David Ali, has approved this request. This trading halt aligns with ASX Listing Rule 17.1 and aims to ensure a fair and transparent market for all stakeholders.