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Contact Energy Limited (ASX:CEN)

ALERT: Price-sensitive ASX Announcement for CEN
Current share price for CEN : $7.830 -0.37 (-4.51%)+
Announcement
Release
20 May 2026 10:09AM
Price at Release
$8.200
Full Release
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Summary
The document details a significant transaction involving Infratil Limited and its subsidiary Infratil Investments Limited, regarding their substantial holding in Contact Energy Limited (CEN). On May 20, 2026, Infratil Investments entered into an agreement with Macquarie Securities (NZ) Limited to underwrite the sale of approximately 53.5 million ordinary shares of CEN at a fixed price of NZ$9.25 per share. The transaction is expected to raise gross proceeds of approximately NZ$495.2 million and is set to be settled by May 25, 2026. This movement represents a change in the percentage of shares held by the Infratil entities, with the new holding adjusted to reflect the disposal of shares under the agreement.
Key Points
  • Infratil Limited disclosed a movement in their substantial holding of CEN.
  • On May 20, 2026, Infratil Investments agreed to sell 53,531,358 CEN shares.
  • The sale is underwritten by Macquarie Securities (NZ) Limited.
  • The fixed price per share is NZ$9.25, with gross proceeds expected to be NZ$495.2 million.
  • The settlement of the sale is expected to occur on May 25, 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.