Sovereign Cloud Holdings Limited (ASX: $SOV) has requested an immediate trading halt for its securities under ASX Listing Rule 17.1. The trading halt is pending an announcement by SOV in relation to an accelerated renounceable entitlement offer. It is expected to remain in place until the earlier of the completion of the institutional component of the entitlement offer announcement or the commencement of trading on 20 March 2024.
The company has requested the trading halt to facilitate the announcement regarding the outcome of the institutional component of the accelerated renounceable entitlement offer. We expect to provide the market with the necessary information as soon as possible, and the trading halt is anticipated to be lifted upon the release of the announcement.
Sovereign Cloud Holdings Limited (ASX: $SOV) has requested a trading halt to announce the outcome of the institutional component of the accelerated renounceable entitlement offer. The company anticipates providing the market with the necessary information and aims to lift the trading halt upon the release of the announcement. Investors are advised to stay updated with the company's announcements for further developments.