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The latest announcement is out from Contact Energy Limited ( (COENF) ).
Contact Energy Limited has announced the issuance of 8,361,906 ordinary shares as part of its Dividend Reinvestment Plan related to the final dividend for the period ending June 30, 2025. This issuance represents 0.85% of the total class of financial products, increasing the total number of ordinary shares to 993,637,010. The move is in line with the company’s strategy to offer shareholders the option to reinvest dividends, potentially enhancing shareholder value and supporting the company’s capital structure.
More about Contact Energy Limited
Contact Energy Limited operates in the energy sector, focusing on the generation and retailing of electricity and natural gas. The company is a significant player in New Zealand’s energy market, providing a range of energy solutions to residential and commercial customers.
Learn more about COENF stock on TipRanks’ Stock Analysis page.