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Finder Energy Holdings Limited ( (AU:FDR) ) has issued an update.
Finder Energy Holdings Limited has issued 1,000,000 fully paid ordinary shares to Portobello Energy Limited upon the conversion of vested performance rights at a nil exercise price, expanding its ordinary share capital in line with previously disclosed arrangements. The company confirmed that the new shares were issued without a prospectus under relevant Corporations Act provisions, that it remains compliant with its financial reporting and continuous disclosure obligations, and that there is no excluded information, providing regulatory clarity and assurance to existing and prospective shareholders about the integrity of the capital raising process.
The most recent analyst rating on (AU:FDR) stock is a Hold with a A$0.35 price target. To see the full list of analyst forecasts on Finder Energy Holdings Limited stock, see the AU:FDR Stock Forecast page.
More about Finder Energy Holdings Limited
Finder Energy Holdings Limited is an Australian company listed on the ASX that operates in the energy sector, with a focus likely on exploration and development activities through its corporate structure and capital markets presence.
Average Trading Volume: 1,045,706
Technical Sentiment Signal: Buy
Current Market Cap: A$161.5M
See more insights into FDR stock on TipRanks’ Stock Analysis page.