Toro Energy's trading halt request

Toro Energy Limited (ASX: $TOE) has requested a trading halt from ASX in accordance with Listing Rule 17.1. The halt is pending the release of an announcement by the company regarding a potential demerger. The securities will remain in trading halt until the earlier of the commencement of normal trading on Monday, 8 April 2024, or when the announcement is released to the market.

Executive Commentary on Trading Halt Request

Toro Energy Limited has requested a trading halt from ASX as the company prepares to make a significant announcement regarding a potential demerger. The decision to request the trading halt is in line with the company's commitment to transparent and timely communication with the market. The company is focused on ensuring that all stakeholders have equal and fair access to the forthcoming information. Toro Energy remains dedicated to its strategic initiatives and looks forward to providing further details to the market in due course.

Summary of Trading Halt Request

Toro Energy Limited (ASX: $TOE) has requested a trading halt from ASX in anticipation of a forthcoming announcement related to a potential demerger. The company aims to ensure that the market is informed in a timely and equitable manner, aligning with its commitment to transparent communication. Toro Energy's decision reflects its dedication to maintaining open and fair access to important corporate developments. The company is poised to provide further details regarding the potential demerger, demonstrating its ongoing focus on strategic initiatives and commitment to delivering value to its stakeholders.