AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Sign up Log in

REECE LIMITED Capital/Financing Update 2018

May 6, 2018

65683_rns_2018-05-06_b0f1724f-44ec-48c4-aeb0-9e79120aaad2.pdf

Capital/Financing Update

Open in viewer

Opens in your device viewer

7 May 2018

Mr James Gerraty Adviser, Listings Compliance ASX Compliance Pty Limited Level 4 North Tower, 525 Collins Street Melbourne VIC 3000 By Email: [email protected]

==> picture [114 x 173] intentionally omitted <==

Dear James

Request for Trading Halt – Reece Limited

Pursuant to ASX Listing Rule 17.1, Reece Limited (ACN 004 313 133) ( Reece ) requests the immediate implementation of a trading halt in its ordinary shares ( ASX Code: REH ) to apply from the commencement of trading today, Monday, 7 May 2018.

Reece provides the following information for the purposes of ASX Listing Rule 17.1.

(a) The trading halt is requested as Reece expects to make an announcement to ASX in connection with a material acquisition and a capital raising comprising a fully underwritten pro rata accelerated non-renounceable entitlement offer (the Entitlement Offer ) and an institutional placement (the Placement ) of fully paid ordinary shares in Reece.
(b) Reece requests that the trading halt remain in place until the earlier of:
- (i) Reece making an announcement to the market regarding the completion of the institutional component of the Entitlement Offer and the Placement; and
- (ii) the commencement of trading on Wednesday, 9 May 2018.
(c) Reece is not aware of any reason why the trading halt should not be granted or of any other information necessary to inform the market about the trading halt.

Please contact me if you require any further information.

Yours sincerely