Develop Global Ltd Requests Trading Halt
Key points
- Develop Global Ltd requests trading halt pending announcement on potential capital raising
- Trading halt to remain in place until earlier of 26 June 2025 or release of announcement
- Company not aware of any reason why trading halt should not be granted
Full summary
Develop Global Ltd (ASX: DVP) has requested an immediate trading halt in its ordinary shares, pending the release of an announcement by the company regarding a potential capital raising. The company has requested that the trading halt remain in place until the earlier of the commencement of normal trading on 26 June 2025, the company making the announcement, or the company being unaware of any reason why the trading halt should not be granted. The request for the trading halt has been authorized by the company's Board of Directors. Develop Global Ltd has not provided any further details on the potential capital raising at this time.
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