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- Registry Direct (RD1) ends the week in a trading halt as it plans an upcoming capital raise
- Currently, there isn’t any information about how much the company is planning to raise or where it will spend the funds
- Company shares will be paused until Tuesday, December 7, or when further details about the raise is released to the market
- On the market, Registry Direct was last trading at 3.5 cents per share
Registry Direct (RD1) has ended the week in a trading halt as it plans an upcoming capital raise.
So far, there aren’t any details about how much the company is aiming to raise or where the funds will be spent.
Under the halt, company shares will be paused until Tuesday, December 7, or when further details about the raise is released to the market, whichever one comes first.
Registry Direct provides software and services to manage the registers of shares, units and other securities issued by listed and unlisted companies and trusts operating in Australia.
Recently, the company reported its quarterly activities for the September quarter.
Over the period, RD1 saw a 28 per cent increase in receipts compared to this time last year and added 96 new fee-paying registers which is a new quarterly gain record.
“Despite the COVID-19 pandemic continuing to present logistical challenges, the business is making online sales and meeting the needs of customers while providing a safe work environment with most staff working from home,” the company said in October.
At the end of the quarter, the company had $1.3 million in cash and cash equivalents.
On the market, Registry Direct was last trading at 3.5 cents per share.
