Overview of Select Harvests trading halt request

Select Harvests Limited (ASX:SHV) has requested a trading halt from ASX Limited (ASX) for its fully paid ordinary shares. The halt is in connection with a proposed capital raising, including an institutional placement and a pro rata accelerated non-renounceable entitlement offer. The trading halt is expected to last until the completion of the institutional component of the capital raising or the commencement of normal trading on Monday, 23 September 2024.

Executive commentary on the trading halt request

The trading halt has been requested to ensure that the capital raising can be executed in an orderly manner and to prevent trading from taking place on an uninformed basis. The Company Secretary has confirmed that the trading halt is expected to be lifted upon the completion of the institutional component of the capital raising.

Summary of Select Harvests trading halt and outlook

Select Harvests Limited (ASX:SHV) has requested a trading halt in connection with a proposed capital raising, comprising an institutional placement and a pro rata accelerated non-renounceable entitlement offer. The halt is expected to be lifted upon the completion of the institutional component of the capital raising. This move indicates the company's strategic efforts to raise capital and potentially expand its operations. Investors and stakeholders should await the announcement regarding the completion of the institutional component for further insights into Select Harvests' future plans and financial outlook.