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Genesis Energy Limited ( (DE:1G6) ) has provided an update.
Genesis Energy Limited has announced changes to its capital structure involving the lapse and issuance of performance share rights (PSRs). A total of 484,012 PSRs have lapsed, while 1,499,638 new PSRs have been issued, representing 0.13% of the total ordinary shares. These PSRs are contingent on meeting specific performance conditions related to total shareholder returns over a three-year period. This move is part of Genesis Energy’s strategy to align employee incentives with shareholder interests, potentially impacting its market positioning and stakeholder engagement.
More about Genesis Energy Limited
Genesis Energy Limited operates in the energy sector, providing electricity and gas services. It focuses on generating and supplying energy to residential and commercial customers in New Zealand.
For a thorough assessment of 1G6 stock, go to TipRanks’ Stock Analysis page.