Finder Energy Holdings Limited (AU:FDR) has released an update.
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Finder Energy Holdings Limited has announced a non-renounceable entitlement offer, allowing shareholders to purchase one new share for every 1.26 existing shares, aimed at shareholders in specific regions excluding the United States. The offer is expected to have minimal impact on the control of the company, with the existing substantial shareholder, Longreach, intending to fully participate. Shareholders who do not participate will experience dilution of their interests, while additional shares can be acquired through a Top-Up Facility, potentially altering share distribution among participating stakeholders.
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