Simble Solutions Ltd Suspended from ASX Pending Announcement
Key points
- Simble Solutions Ltd requested voluntary suspension of its shares
- Suspension pending announcement on proposed capital raising via placement
- Suspension expected to be lifted upon release of announcement and associated documentation
Full summary
Simble Solutions Ltd (ASX: SIS) has requested a voluntary suspension of its shares on the Australian Securities Exchange (ASX), effective immediately. The suspension has been requested under Listing Rule 17.2, pending an announcement by the company regarding a proposed capital raising via placement to sophisticated and professional investors. The company has stated that the timetable for lifting the suspension is predicated on Simble finalizing the details of the pending announcement, which it expects to do today. The company has confirmed that it is not aware of any reason why the voluntary suspension should not be granted, and is not aware of any other information necessary to inform the market about the voluntary suspension.Unless ASX decides otherwise, the securities will remain suspended until the earlier of the end of the period stated in Simble's request for voluntary suspension, or the release of the announcement to the market.
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