ikeGPS has announced a trading halt for its equity securities, which was implemented at the pre-market open on Thursday.
The halt was approved by NZ RegCo, the regulatory arm of the New Zealand Stock Exchange.
According to the trading halt application, the halt is because Ike is undertaking a fully underwritten equity placement of about A$18 million (NZ$19.6m).
It will also undertake a non-underwritten share purchase plan of A$2m after the placement.
The trading halt will lift when the placement is finished or when trading of the quoted equity securities begins on July 14, whichever comes first.
See more
