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Genesis Energy Limited ( (DE:1G6) ) has provided an update.
Genesis Energy Limited has requested and received a trading halt on its ordinary shares and quoted subordinated bonds on the NZX and ASX, effective from pre-market open on 20 March 2026. The halt covers its equity and specific bond lines GNE060, GNE070 and GNE080, and is expected to last for up to two trading days.
The suspension is intended to facilitate the shortfall bookbuild component of Genesis’s previously announced NZ$400 million capital raising, comprising a NZ$100 million placement and a NZ$300 million pro rata renounceable rights offer underwritten by Jarden. Genesis argues the halt is needed to ensure a fair and fully informed market while additional shares linked to unexercised rights are allocated, with trading to resume once the bookbuild outcome and allocations are disclosed, which the company considers price sensitive.
More about Genesis Energy Limited
Genesis Energy Limited is a New Zealand-based electricity generator and retailer with listed ordinary shares and subordinated bonds on both the NZX and ASX. The company operates in the energy sector, supplying power to residential, commercial and industrial customers, and is majority-owned by the New Zealand government through the Crown.
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