Energy One Limited (AU:EOL) has released an update.
Energy One Limited has announced a forthcoming Entitlement Offer aiming to raise approximately $4.3 million by offering new shares to current shareholders in Australia and New Zealand. The non-renounceable entitlement offer is on a pro rata basis, allowing the purchase of 1 new share for every 28 held, without requiring a disclosure document. The offer is fully underwritten and is not expected to materially affect the company’s control due to its structure and size.
For further insights into AU:EOL stock, check out TipRanks’ Stock Analysis page.
