Eagers Automotive Ltd (ASX: APE) shares were pushing higher this morning before being paused from trade.
The ASX 200 auto retailer's shares were up over 2% to $14.66 prior to the pause.
That pause has since turned into a trading halt, with Eagers Automotive shares now expected to be out of action until Friday.
Why is this ASX 200 share in a trading halt?
Eagers Automotive requested the trading halt this morning while it prepares to release an announcement.
Unfortunately, the announcement isn't likely to be a good one, with the company revealing that it has been the victim of a cyber incident.
This makes it the latest in a string of companies to be hit by attacks in recent years. Other incidents include those reported by Costa Group Holdings Ltd (ASX: CGC), Medibank Private Ltd (ASX: MPL), Optus, and TPG Telecom Ltd (ASX: TPG).
The ASX 200 share's trading halt request states the following:
For the purposes of Listing Rule 17.1, Eagers provides the following information: (a) the trading halt is requested to enable it to manage its continuous disclosure obligations in relation to a cyber incident that it has recently become aware of; (b) Eagers requests that the trading halt continue until the earlier of a release of an announcement by it in relation to the incident and the commencement of normal trading on Friday, 29 December 2023.
As things stand, no further details have been provided by the company, so shareholders will need to be patient and wait for Friday's announcement.
