Ebos requests trading halt ahead of share placement

Shares in surgical and hospital supplier Ebos have been suspended from trading.

Ebos requested the halt after major shareholder Whyte Adder No 3 Ltd, which holds a 26.4 per cent stake in the company, said it intended to sell a significant portion of its stake.

Ebos said in a statement the sale will be by a placement conducted by Forsyth Barr Limited to retail and institutional investors.

Trading in Ebos shares will not resume until 10am Thursday.

They last traded yesterday at $4.52, having ranged between $3.23 and $4.75 over the past 12 months.

- NZPA