MedAdvisor Ltd Requests Trading Halt
Key points
- MedAdvisor Ltd requests trading halt pending announcement
- Halt to remain until earlier of announcement release or start of trading on May 9
- Announcement relates to strategic options update regarding non-binding proposal
Full summary
MedAdvisor Ltd (ASX: MDR) has requested a trading halt on its securities with immediate effect, pending the release of an announcement regarding a strategic options update. The trading halt will remain in place until the earlier of the announcement's release or the commencement of trading on Friday, 9 May 2025. The announcement is expected to provide details on a non-binding proposal to acquire the company's ANZ business division, which was lodged on the ASX Market Announcements Platform earlier today. MedAdvisor has advised that it is not aware of any reason why the trading halt should not be granted, nor any additional information necessary to inform the market or ASX about the trading halt.
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