Resources & Energy Group Limited (ASX: $REZ) has requested a trading halt effective from the commencement of trading on 2 August 2024. The trading halt is pending an announcement by REZ to the market in connection with a capital raising. REZ has requested the trading halt until the opening of trading on Tuesday 6 August 2024, unless an announcement regarding the capital raising is made before that time or the trading halt is lifted. The company is not aware of any reason why the trading halt should not be granted or of any other information necessary to inform the market about the trading halt.
The company has requested the trading halt to facilitate the forthcoming announcement related to a capital raising. This decision aligns with our commitment to transparent and orderly trading. We believe that this temporary pause will allow us to effectively communicate the details of the capital raising to our stakeholders and the market. We are dedicated to providing timely and accurate information to ensure informed decision-making by investors and other market participants.
Resources & Energy Group Limited (ASX: $REZ) has requested a trading halt in anticipation of an upcoming announcement regarding a capital raising. The company aims to resume trading on Tuesday 6 August 2024, subject to the release of the announcement before that time or a request to lift the trading halt. This proactive approach demonstrates the company's commitment to maintaining transparency and ensuring that all stakeholders are adequately informed about significant developments. The trading halt reflects REZ's dedication to facilitating fair and informed market participation.