Genesis Energy Corrects Issue Price in Director Share Disclosure

Genesis Energy Limited ( (DE:1G6) ) has issued an update.

Genesis Energy has corrected an earlier director disclosure, clarifying that 6,756 ordinary shares allocated to chair Barbara Chapman from the shortfall in its recent rights offer were issued at $2.22 per share, not $2.05 as previously reported. The amended notice also confirms her total relevant holding has increased to 22,765 shares, reinforcing transparency around director interests and the pricing mechanics of the company’s February 2026 rights offer and dividend reinvestment participation.

The updated filing details that Chapman’s interest is held by acting in concert with her spouse, who is the registered shareholder, and that the additional shares came via both the dividend reinvestment plan and rights offer allocations. While the change is technical and does not alter the number of shares issued, it ensures accurate market information on director-related transactions, which is important for investor confidence and ongoing disclosure compliance in the New Zealand market.

More about Genesis Energy Limited

Genesis Energy Limited is a New Zealand-listed electricity generator and retailer, operating in the energy sector under ticker GNE. The company provides electricity and related services to residential and business customers, and participates in capital markets through equity offerings and dividend reinvestment arrangements.

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