Stream Group requested a trading halt last Friday, telling the Australian Securities Exchange it is “to allow the company to conduct a capital-raising”.

The claims service provider told the market it proposes to resume trading tomorrow.

Chairman Larry Case flagged the capital-raising at the company’s AGM last Monday.

“We are currently looking at a number of funding alternatives to ensure we have a stable and comfortable capital base to support the business, both now and in the future,” he said.

No further details about the raising have been provided to the market.

Last Wednesday Stream announced the appointment of Ben Raftery as Company Secretary, replacing Tony Perkins.

In August Stream appointed Gavin Dixon as its new CEO.