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Contact Energy Limited ( (COENF) ) has issued an announcement.
Contact Energy Limited has issued 5,500,920 new ordinary shares at NZ$8.75 per share under its dividend reinvestment plan, representing about 0.5% of its existing share class. The issuance, linked to the company’s latest cash dividend, increases the total number of ordinary shares on issue to 1,065,639,251 and marginally dilutes existing holdings while reinforcing Contact’s practice of offering shareholders an equity-based alternative to cash payouts.
The new shares were created pursuant to board authority dated 13 February 2026 and in accordance with NZX Listing Rule 4.8.1, with settlement completed on 25 March 2026. By partially funding dividends through equity rather than cash, Contact preserves liquidity on its balance sheet while maintaining shareholder returns, a move that may support its ongoing investment and capital management strategy within New Zealand’s energy sector.
More about Contact Energy Limited
Contact Energy Limited is a New Zealand-based electricity generator and retailer listed on the NZX under the ticker CEN. The company provides electricity and related energy services to customers across New Zealand and routinely uses capital management tools such as dividend reinvestment plans to support its funding and shareholder distribution policies.
For a thorough assessment of COENF stock, go to TipRanks’ Stock Analysis page.