For the purposes of ASX Listing Rule 17.1, MEO provides the following information:
(a) the trading halt is necessary as otherwise trading in MEO shares may take place in an uninformed market, and to allow the capital raising to take place in an orderly fashion;
(b) MEO requests that the trading halt remain in place until it is in a position to make an announcement to the market regarding the outcome of the capital raising. MEO anticipates that an announcement will be made prior to the commencement of normal trading on 19 November 2009 and the trading halt will cease at that time; and
(c) MEO is not aware of any reason why the trading halt should not be granted
MEO Price at posting:
54.5¢ Sentiment: Hold Disclosure: Held