After a couple of false starts already, The Agency is again signalling that its long-awaited acquisition of Top Level Real Estate is about to be completed, after The Agency Group Australia put out an ASX announcement earlier that its securities are to be placed in a trading halt.
According to an ASX market announcement, The Agency Group Australia has requested its shares to be placed in a trading halt, with immediate effect.
The announcement goes on to outline that the trading halt is requested regarding the settlement of the acquisition of Top Level Real Estate Pty Ltd.
Top Level Real Estate is run by Matt Lahood.
Mr Lahood’s Top Level Real Estate trades as The Agency under a licence agreement and entered into an option agreement with The Agency Group in February 2017.
Since the initial option agreement, the acquisition has been delayed multiple times.
Unless the ASX decides otherwise, the securities will remain in a trading halt until the earlier of the commencement of normal trading on Tuesday, 15 January, or when the announcement is released to the market.
More to follow.