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Genesis Energy Limited (ASX:GNE)
ALERT: Price-sensitive ASX Announcement for GNE
Current share price for GNE : $2.170 0.315 (16.98%)+
Announcement
Release
20 Mar 2026 7:31AM
Price at Release
$1.855
Full Release
Summary
Genesis Energy Limited has successfully completed a NZ$300 million underwritten 1 for 7.9 pro rata renounceable rights offer. The offer received strong support from shareholders, with a take-up rate of approximately 80.9%, including participation from the Crown, which maintains its 51% shareholding. Settlement of the offer is expected to occur on 24 March 2026 for the ASX and 25 March 2026 for the NZX. The shortfall bookbuild component will be managed by Jarden Securities Limited. Genesis Energy is one of New Zealand's major energy companies, generating and retailing electricity and gas.
Key Points
- Genesis Energy Limited completed a NZ$300 million rights offer.
- The rights offer had a strong shareholder take-up rate of 80.9%.
- The Crown participated and maintains a 51% shareholding.
- Settlement expected on 24 March 2026 for ASX and on 25 March 2026 for NZX.
- Shortfall bookbuild managed by Jarden Securities Limited.
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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