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The latest update is out from Contact Energy Limited ( (COENF) ).
Contact Energy Limited has issued 182,463,190 ordinary shares as part of a scrip consideration for acquiring Manawa Energy Limited, under a Scheme Implementation Agreement dated 11 September 2024. This issuance, which represents 22.73% of the total class of financial products, was approved by a resolution of directors and the High Court, and it aligns with the company’s strategic growth initiatives, potentially impacting its market positioning and stakeholder interests.
More about Contact Energy Limited
Contact Energy Limited is a company in the energy sector, primarily involved in the generation and retailing of electricity and natural gas. The company focuses on providing sustainable energy solutions and operates within the New Zealand market.
Find detailed analytics on COENF stock on TipRanks’ Stock Analysis page.