Non renouncable entitlement offer. Who knew that might happen lol. Opportunity for all to fund new branch and im guessing underwritten by directors or even if not they may well take up any excess. Interesting times and price will be interesting this time.
Phylogica Limited (ASXYC) - Request for Trading Halt Pursuant to ASX Listing Rule 17.1, Phylogica Limited ACN 098 391 961 (Company) requests that the ASX grants a trading halt with respect to the Company's shares. The Company provides the following information regarding this request: 1. the reason for the trading halt is that the Company intends to make an announcement regarding an accelerated non-renounceable entitlement offer; 2. the Company requests that the trading halt continues until the earliest of: (a) the Company making an ASX announcement regarding the outcome of the proposed capital raising; (b) the open of trading on 4 November 2019; and (c) the Company separately requesting that the trading halt be lifted. 3. the Company expects that the ASX announcement will be made as soon as possible, and in any event, prior to the open of trading on 4 November 2019; 4. the Company considers that the trading halt is necessary as otherwise trading in the Company's shares would continue on an uninformed basis; and 5. the Company is not aware of any reason why a trading halt should not be granted or any other information necessary to inform the market about the requested trading halt. Yours faithfully Kevin Hart Company Secretary Phylogica Limited Tel: +
PYC Price at posting:
6.2¢ Sentiment: Hold Disclosure: Held
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YC) - Request for Trading Halt
(20min delay)