Trading Halt - Accelerated Capital Raising

Key points

• GDG requests trading halt to finalise and execute an institutional placement and accelerated non-renounceable entitlement offer
• Trading halt to continue until announcement of the transaction outcome or commencement of normal trading on 12 February 2025
• GDG is not aware of any reason why the trading halt should not be granted

Full summary

Generation Development Group Ltd (ASX:GDG) has requested an immediate trading halt in respect of its shares prior to the commencement of trading on Monday, 10 February 2025. The company has requested the trading halt to enable it to finalise and execute an institutional placement and pro rata accelerated non-renounceable entitlement offer (Transaction). GDG has requested that the trading halt continue until the earlier of the release of an announcement by GDG regarding the Transaction and the commencement of normal trading on Wednesday, 12 February 2025. GDG is not aware of any reason why the trading halt should not be granted and confirms there is no other information necessary to inform the market about the trading halt.