Austal pauses trading ahead of major announcement

Austal (ASX:ASB) has initiated a trading halt on its securities as it prepares to make a significant announcement.

The halt, requested by Austal, is anticipated to be in place until the announcement is made or until the start of normal trading on Thursday, 13 March 2025.

The company is poised to disclose details pertaining to an upcoming equity raising.

Austal has stated that the trading halt is necessary to facilitate the announcement of the completion of the institutional component of this equity raising.