- Investment company Clime Investment Management (CIW) starts the week in a trading halt as it plans an upcoming capital raise
- Currently, it is unknown how much the company is aiming to raise or where the funds will be spent
- Company shares will be paused until Wednesday, September 15, or when more information about the raise is released to the market
- On the market, CIW last traded at 67.5 cents per share
Clime Investment Management (CIW) has started the week in a trading halt as it prepares for an upcoming capital raise.
There are no details on how much the company is aiming to raise or where the funds will be spent.
Under the halt, company shares will be paused until Wednesday, September 15, or when more information about the raise is released to the market.
Clime Investment is an investing company that invests in listed and unlisted securities for clients.
Last month, the company released its 2021 financial year results, which saw a $3.8 million profit for the year (before amortisation and tax), representing a 280 per cent increase on the FY20 result.
Revenue for the period was up 32 per cent to $15.75 million and funds under the management and advice was up 11 per cent to $5.1 billion.
CIW paid a dividend of 1.5.cents, fully franked, up 50 per cent on FY20.
On the market, CIW last traded at 67.5 cents per share.