Rare Foods Australia (ASX: $RFA) trading halt request details

Rare Foods Australia Limited (ASX: $RFA) has requested a trading halt from the ASX, effective immediately, pending the release of an announcement related to a material capital raising by the company. The trading halt will remain in place until the earlier of the announcement release or the commencement of trading on Wednesday, 6 March 2024. The company stated that it is not aware of any reason why the trading halt should not be granted or any information required to be disclosed to the market regarding the trading halt.

Executive commentary on trading halt request

The Board of Rare Foods Australia Limited has requested a trading halt from the ASX in anticipation of releasing an announcement concerning a material capital raising. The company is committed to providing transparent and timely information to the market and stakeholders. For further details, investors and media representatives can contact Rob Jorden, Chief Executive Officer, Bradley Adams, Executive Director Corporate Development, or Brent Stockden, Chief Financial Officer, Company Secretary & Commercial Services Manager.

Summary of trading halt request and company outlook

Rare Foods Australia Limited (ASX: $RFA) has requested a trading halt from the ASX as it prepares to disclose a material capital raising announcement. The company's focus on the development of the world's first commercial greenlip abalone sea ranching business reflects its commitment to innovative and sustainable practices. The upcoming announcement may provide insights into the company's strategic initiatives and growth plans. Investors and stakeholders are encouraged to await the release of the announcement for further details regarding Rare Foods Australia's capital raising endeavors and its impact on the company's future endeavors.