Structural Monitoring Systems Plc (ASX:SMN) has announced a trading halt on its securities starting from 1 November 2024. This halt is in anticipation of a capital raising announcement. Trading is expected to resume on 5 November 2024 or upon release of the pending announcement.
Structural Monitoring Systems Plc has initiated a trading halt to manage the dissemination of information regarding an upcoming capital raising. This halt is set to last until 5 November 2024 or until the pending announcement is made. The company has assured stakeholders that the halt is necessary for orderly trading and that no other undisclosed information affects this decision. The halt aims to provide equal access to information for all stakeholders, aligning with the company's strategic goals of transparency and informed trading.
Structural Monitoring Systems Plc has requested this trading halt to prepare for an upcoming capital raising announcement. We are ensuring the market is informed and trading occurs on a fully informed basis. We are not aware of any reason why the trading halt should not be granted.