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BPH Energy Issues 134 Million New Shares Under Placement, Confirms Regulatory Compliance

Story Highlights
  • BPH Energy has issued 134,222,222 new fully paid ordinary shares via a placement.
  • The company affirms compliance with reporting and disclosure rules, with no undisclosed information.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
BPH Energy Issues 134 Million New Shares Under Placement, Confirms Regulatory Compliance

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BPH Energy Limited ( (AU:BPH) ) just unveiled an announcement.

BPH Energy Limited has issued 134,222,222 fully paid ordinary shares as part of a previously announced capital placement, conducted without a prospectus under the disclosure exemptions of the Corporations Act. The company confirmed it is up to date with its financial reporting and continuous disclosure obligations and stated there is no excluded information requiring disclosure, signalling regulatory compliance around the new share issue and providing assurance to investors regarding the transparency of the placement.

The most recent analyst rating on (AU:BPH) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on BPH Energy Limited stock, see the AU:BPH Stock Forecast page.

More about BPH Energy Limited

Average Trading Volume: 2,898,935

Technical Sentiment Signal: Sell

Current Market Cap: A$15.86M

Learn more about BPH stock on TipRanks’ Stock Analysis page.

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