Wednesday 24th February 2010
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Shares in Rubicon were placed in a trading halt on the NZSX this morning, in response to a company request pending an announcement about a capital raising initiative.
A short notice to the exchange said the offer was expected to involve "an accelerated, pro rata entitlement offer to its shareholders".
"The trading halt is required to provide certainty as to entitlements duruing the accelerated component of the offer."
An announcement from Rubicon is expected on Friday this week.
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