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Genesis Energy Limited (ASX:GNE)

ALERT: Price-sensitive ASX Announcement for GNE
Current share price for GNE : $2.050 0.195 (10.51%)+
Announcement
Release
23 Mar 2026 8:47AM
Price at Release
$1.855
Full Release
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Summary
Genesis Energy Limited (GNE) announced the successful completion of the shortfall bookbuild for its NZ$300 million underwritten rights offer, with a clearing price of NZ$2.22 per new share, reflecting a premium over the application price. Settlement is expected on 24 and 25 March 2026 for ASX and NZX respectively. In total, Genesis raised approximately NZ$400 million, including a NZ$100 million placement. Genesis is a leading New Zealand energy company with diverse energy generation assets and a large customer base.
Key Points
  • Genesis Energy Limited completed the shortfall bookbuild of a NZ$300 million underwritten rights offer.
  • The clearing price was NZ$2.22 per share, a NZ$0.17 premium over the application price of NZ$2.05.
  • Settlement for the ASX is on 24 March 2026 and for the NZX on 25 March 2026.
  • Approximately NZ$400 million was raised in total, including a NZ$100 million placement.
  • Genesis Energy Limited is a major New Zealand energy company with diverse assets and significant customer base.
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.