Norwood Systems trading halt details

Norwood Systems (ASX:NOR) has requested a trading halt for its securities on the ASX. The halt is pending an announcement related to a capital raise. It is effective immediately and will last until either Friday, 13 December 2024, or until the announcement is released, whichever comes first.

Summary and outlook on capital raise

Norwood Systems has initiated a trading halt on the ASX as it prepares for a capital raise announcement. This strategic move aims to maintain an orderly market by preventing speculative trading based on incomplete information. The halt will remain until the announcement is made or until the start of trading on 13 December 2024. Norwood Systems, known for its innovative voice communication services, is leveraging this capital raise to potentially pursue growth or expansion strategies. The company continues to focus on enhancing global communications through its advanced technologies.

Executive commentary on trading halt

Norwood Systems asserts there is no other information required to inform the market about the trading halt. The request and information dissemination is authorized by Stuart Usher, the Company Secretary.