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Genesis Energy Limited ( (DE:1G6) ) has shared an update.
Genesis Energy Limited, the NZX-listed electricity and gas utility, has strengthened its capital base with a new equity issue while maintaining majority government ownership. The company continues to focus on a broad mix of institutional and retail investors to support a stable and engaged share register.
Genesis has issued 46,511,627 new ordinary shares at NZ$2.15 each, raising cash and increasing its total shares on issue to 1,156,063,464, excluding treasury stock. The placement, conducted under NZX Listing Rule 4.5.1, ensured the Crown’s shareholding was set at 51.00% and allocated stock to selected existing shareholders and institutional investors, with decisions guided by pro rata considerations, long-term support, and advice from lead manager Jarden.
More about Genesis Energy Limited
Genesis Energy Limited is a New Zealand-based electricity and gas retailer and generator, listed on the NZX under ticker GNE. The company operates a portfolio of generation assets and serves residential, commercial, and industrial customers, with the New Zealand government (the Crown) as its controlling shareholder.
Learn more about 1G6 stock on TipRanks’ Stock Analysis page.