Trading Halt
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| Stock | Austal Ltd (ASB.ASX) |
|---|---|
| Release Time | 11 Mar 2025, 9:46 a.m. |
| Price Sensitive | Yes |
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Austal Ltd Requests Trading Halt for Equity Raising
Key Points
- Austal Ltd requests trading halt pending announcement on equity raising
- Trading halt to remain until earlier of further announcement or Thursday, 13 March 2025
- Company is not aware of any reason why trading halt should not be granted
Full Summary
Austal Ltd, an Australian shipbuilding company, has requested a voluntary trading halt on its shares (ASX: ASB) to be implemented as soon as practicable on Tuesday, 11 March 2025. The trading halt has been requested pending an announcement in relation to an equity raising. According to the announcement, the trading halt will remain in place until the earlier of a further announcement being made about the completion of the institutional component of the equity raising or the commencement of trading on Thursday, 13 March 2025. Austal Ltd stated that it is not aware of any reason why the trading halt should not be granted or of any other information necessary to inform the market about the trading halt.
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