Paladin Energy Requests Trading Halt Ahead of Proposed Equity Raising Including Institutional Placement and Bought Deal

Mukul

12 November 2026 10:15 AM AEDT

Paladin Energy Requests Trading Halt Ahead of Proposed Equity Raising Including Institutional Placement and Bought Deal

Image Source: Krish Capital Pty Ltd

You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research. Learn more

Start Your Free Trial Now!

Paladin Energy (ASX:PDN) has requested an immediate trading halt on its securities pending the release of an announcement regarding a proposed capital raising comprising a fully underwritten ASX institutional placement, a Canadian "bought deal" private placement, and a share purchase plan.

Key Points

Paladin Energy requested an immediate trading halt on 12 November 2026, pending an announcement on a proposed equity raising.
The proposed capital raising comprises a fully underwritten ASX institutional placement and a Canadian "bought deal" private placement, together described as the "Equity Raising", as well as a share purchase plan.
The trading halt will remain in place until the earlier of Paladin making an announcement regarding the results of the Equity Raising or the commencement of normal trading on Monday, 16 November 2026.
The trading halt request was authorised for release by the Board of Directors of Paladin Energy Limited and was submitted by Company Secretary Melanie Williams.

Trading Halt Details and Duration

Paladin Energy's securities were placed in a trading halt with immediate effect on 12 November 2026 at the company's request. According to the filing, the halt will remain in place until the earlier of Paladin making an announcement regarding the results of the Equity Raising or the commencement of normal trading on Monday, 16 November 2026. The company stated it is not aware of any reason why the trading halt should not be granted, nor of any other information necessary to inform the market about the halt.

Proposed Equity Raising Structure

The trading halt was requested pending an announcement concerning a proposed capital raising with two primary components: a fully underwritten ASX institutional placement and a Canadian "bought deal" private placement, collectively referred to as the "Equity Raising." The proposed capital raising also includes a share purchase plan. The filing does not disclose the size, pricing, or terms of either the institutional placement, the Canadian bought deal, or the share purchase plan at this stage. Paladin Energy is listed on the ASX, the Toronto Stock Exchange (TSX), and the OTCQX market under the code PDN, PDN, and PALAF respectively.

Authorisation and Submission of the Request

The trading halt request was submitted by Paladin Energy Company Secretary Melanie Williams to ASX Supervision on 12 November 2026. The request was addressed to ASX Listings Compliance and was authorised for release to ASX by the Board of Directors of Paladin Energy Limited. The company stated it expects the trading halt to be ended by making an announcement to ASX in relation to the results of the Equity Raising. Paladin Energy Ltd holds ABN 47 061 681 098 and is headquartered at Level 11, 197 St Georges Terrace, Perth, Western Australia.

Download Free Report – Explore 3 Stock Ideas & Industry Insights

Unlock 3 stock ideas and key industry insights in our free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice.

All investments involve risk—consider independent advice before making any investment decisions.

View 3 Research Reports

Disclaimer:

This article (“Article”) has been prepared by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and its related bodies corporate who are authorised to provide general financial product advice. Kalkine.com.au and its associated pages are published by Kalkine.

Any information/advice provided in this article is general in nature and does not take into account your objectives, financial situation or needs. You should therefore consider whether the information is appropriate for your objectives, financial situation and needs before acting upon it.

There may be a Product Disclosure Statement, Information Memorandum or other offer document (“Offer Document”) for the securities or other financial products referred to in Kalkine articles. You should obtain a copy of the Offer Document and consider it before making any decision about whether to acquire the security or financial product.

Kalkine strongly recommends that you seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) before acting on any advice/information in this Article or on the Kalkine website. Not all investments are appropriate for all people.

The information in this Article and on Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of the information contained in its articles (including this Article), newsletters and websites. All information represents our views at the date of publication and may change without notice.

The information in this Article does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products.

Kalkine does not issue, sell or deal in any financial products.

This Article may contain information on past performance of particular investments. Please note past performance is neither an indicator nor a guarantee of future performance.

To the extent permitted by law, and excluding any dishonesty or gross negligence by Kalkine, Kalkine disclaims and excludes all liability for any direct, indirect, implied, punitive, special, incidental or other consequential loss or damage arising from the use of or reliance on this Article, the Kalkine website and any information published on the Kalkine website without any warranties or representations by Kalkine to you. To the extent the law prohibits or limits this exclusion, Kalkine limits its liability to the resupply of services.

Please also read our Terms & Conditions and Financial Services Guide for further information.

Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this Article or on the Kalkine website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.

Some of the images/music that may be used in the Article are copyright to their respective owner(s). Kalkine does not claim ownership of any of the pictures displayed/music used in the Article unless stated otherwise. The images/music that may be used in the Article are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.