Registry Direct (ASX:RD1)- Founder and CEO, Steuart Roe
Founder and CEO, Steuart Roe
Source: LinkedIn/ Steuart Roe
Market Herald logo

Find out more about this capital raise

Be the first with the news that moves the market
  • 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.

RD1 by the numbers
More From The Market Herald

" GWR Group (ASX:GWR) to launch fresh cap raise

Junior miner GWR Group (ASX:GWR) has started the week in a trading halt as it prepares…

" Artemis Resources (ASX:ARV) enters trading halt for capital raise and dual listing

Artemis Resources (ASX:ARV) has entered a trading halt regarding a capital raise and proposed dual AIM…

" Austin Metals (ASX:AYT) halts trade, eyes fresh capital

Austin Metals (ASX:AYT) has placed its shares in a trading halt in regards to an upcoming…
iSynergy Group (ASX:IS3) - CEO, Lawrence Teo

" I Synergy Group (ASX:IS3) raises capital for upcoming acquisition

I Synergy Group (ASX:IS3) commences the week in a trading halt as it plans a capital…