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Contact Energy Limited (ASX:CEN)
ALERT: Price-sensitive ASX Announcement for CEN
Current share price for CEN : $7.440 -0.23 (-3%)+
Announcement
Release
12 Mar 2026 7:30AM
Price at Release
$7.670
Full Release
Summary
Contact Energy Limited has announced that its non-underwritten retail share offer was oversubscribed, receiving applications totalling approximately NZ$251 million from 29,727 eligible shareholders. The strong support led to the acceptance of an additional NZ$50 million in oversubscriptions, raising a total of NZ$125 million under the Retail Offer. This offer was part of a broader equity raise that included a NZ$450 million placement to institutional investors. The funds will support the expansion of renewable energy projects under the Contact31+ strategy. Shares will be issued at NZ$8.75, with trading commencing mid-March 2026 on the NZX and ASX.
Key Points
- Retail share offer oversubscribed.
- Received applications totalling approximately NZ$251 million.
- 29,727 eligible shareholders participated.
- NZ$50 million in oversubscriptions accepted.
- Total raised under Retail Offer: NZ$125 million.
- Part of a NZ$450 million institutional share placement.
- Funds to support renewable energy projects.
- Shares issued at NZ$8.75, trading starts mid-March 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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