Zip Co's request for trading halt

Zip Co Limited (ASX: $ZIP) has requested a trading halt for its ordinary shares from the commencement of trading on 17 July 2024. The company is seeking the trading halt in connection with an upcoming announcement related to a capital raising. The halt is expected to remain in place until the completion of the capital raising and the commencement of trading on 18 July 2024.

Company's rationale for trading halt

The Company Secretary, Sarah Brown, stated that the trading halt is being sought to assist in managing disclosure obligations and maintaining an orderly market in the trading of the Company's shares. This measure aims to ensure that trading does not take place in an uninformed market. The company is not aware of any reason why the trading halt should not be granted, or of any other information available at this stage that is relevant to the trading halt.

Summary of Zip Co's trading halt request

Zip Co Limited (ASX: $ZIP) has requested a trading halt in connection with an upcoming announcement related to a capital raising. The company aims to manage its disclosure obligations and maintain an orderly market in the trading of its shares. The halt is expected to remain in place until the completion of the capital raising and the commencement of trading on 18 July 2024. The company's decision reflects its commitment to ensuring that trading occurs in an informed market environment.