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KMD Brands Limited ( (AU:KMD) ) has provided an update.
KMD Brands Limited has requested and received a trading halt on its ordinary shares from NZ RegCo, effective from the pre-market open on 21 April 2026, with a similar request made to the ASX. The halt is expected to last until the market opens on 22 April 2026, or earlier if the company announces the outcome of its retail bookbuild.
The temporary suspension is intended to facilitate the retail bookbuild component of KMD’s recently launched equity raising, following completion of the placement and institutional entitlement offer. KMD argues the halt is necessary to ensure an orderly and fully informed market while allocations are determined, as the results of the bookbuild are considered price-sensitive information.
More about KMD Brands Limited
KMD Brands Limited is a listed company on the NZX and ASX, operating in the retail and outdoor apparel sector through its portfolio of brands. The company raises capital from both institutional and retail investors and actively uses equity markets to fund its strategic and operational initiatives across New Zealand and Australia.
See more data about KMD stock on TipRanks’ Stock Analysis page.