Virtus Health Ltd (ASX:VRT) has announced a trading halt
Virtus Health Ltd (ASX:VRT) has announced a trading halt.
There are a few reasons why a stock would go into a trading halt. It is generally ahead of a news announcement.
Virtus Health Ltd has requested the trading halt given the Company is attending a court hearing this morning seeking orders to convene a scheme meeting in relation to the proposal from CapVest Partners LLP previously announced to the market and to approve dispatch of a transaction booklet and related documents to Virtus shareholders in relation to the CapVest Scheme.
Trading halts are typically enacted in anticipation of a news announcement, to correct an order imbalance, as a result of a technical glitch or due to regulatory concerns.
Halts may also be triggered by severe down moves, in what are called circuit breakers or curbs.
The trading halt will remain in place until normal trading commences on May 2, 2022 or when the company announcement is made.
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