Trading Halt
| Stock | Ebos Group Ltd (EBO.ASX) |
|---|---|
| Release Time | 10 Apr 2025, 4:17 p.m. |
| Price Sensitive | Yes |
EBOS Group Announces Trading Halt for Equity Placement
- EBOS Group proposes a fully underwritten equity placement of approximately A$200 million
- Trading halt requested to enable bookbuild and allocation of shares
- Placement details to be announced upon completion
EBOS Group Limited (ASX: EBO) has requested a trading halt on its shares to enable the company to undertake a fully underwritten equity placement of approximately A$200 million. The placement will be conducted by UBS New Zealand Limited as the underwriter and bookrunner. EBOS has requested the trading halt to allow UBS to conduct the placement bookbuild and determine the allocation of shares. EBOS believes the trading halt is necessary to ensure a fair, orderly, and transparent market, as information about the placement or take-up by investors may be known by some market participants and not others, preventing the market from trading on a fully informed basis. The trading halt will remain in place until the earlier of the announcement of the completion of the placement or the opening of trading on the NZX on April 11, 2025. Upon completion of the placement, EBOS will announce the results to the market, which it believes will be price-sensitive information.