Key points
- Skin Elements requests trading halt pending announcement regarding court application and capital raising
- Company notes technical compliance issue with auditor appointment and validity of cleansing notices
- Trading halt to continue until earlier of announcement or market open on Friday, 20 November 2024
Full summary
Skin Elements Ltd (ASX: SKN) has requested an immediate trading halt of its securities listed on the ASX, pending an announcement regarding a court application and a capital raising. The company has noted that it has made an application to the court regarding rectification of a technical compliance issue in relation to the appointment of its auditor and the validity of cleansing notices issued under section 708A(5)(e) of the Corporations Act 2001 (Cth). The trading halt is requested to continue until the earlier of the making of an announcement or the commencement of trading on Friday, 20 November 2024. Skin Elements is not aware of any other information necessary to inform the market about the trading halt and is not aware of any reason why the trading halt should not be granted.