ERoad Limited has requested a trading halt for its ordinary shares in order to conduct an institutional component of a pro rata accelerated renounceable entitlement offer and an institutional placement.
The trading halt will remain in place until an announcement is made regarding the outcome of the institutional bookbuild or market open on Monday, September 11, 2023.
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The S&P/NZX 50 Index closed at 13,113.19, declining 82.89 points or 0.63%.
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Auckland surgical products company is forecasting annual profit of between $2m to $6m.
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