ALS Ltd Requests Trading Halt for Equity Raising
Key points
- ALS Ltd requests trading halt pending announcement on equity raising
- Equity raising to be undertaken via institutional placement and share purchase plan
- Trading halt to remain in place until announcement on placement completion or market open on 28 May 2025
Full summary
ALS Ltd (ASX: ALQ) has requested a trading halt for its ordinary shares, effective immediately, pending an announcement regarding an equity raising to be undertaken by way of an institutional placement (Placement) and share purchase plan. The trading halt will remain in place until the earlier of an announcement being made about the completion of the Placement or the commencement of trading on Wednesday, 28 May 2025. ALS has stated that it is not aware of any reason why the trading halt should not be granted or any other information necessary to inform the market about the trading halt.
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