Genesis Energy Sets A$1.73 Pricing for A$-Leg of NZ$300m Rights Issue

An announcement from Genesis Energy Limited ( (DE:1G6) ) is now available.

Genesis Energy has set the Australian dollar price at A$1.73 for its fully underwritten 1-for-7.9 pro rata renounceable rights offer, which aims to raise about NZ$300 million from existing shareholders. The offer, which opens on 4 March 2026, provides eligible investors with the opportunity to maintain or adjust their holdings at a set trans-Tasman pricing level, underscoring Genesis’s effort to tap equity markets while managing currency considerations between New Zealand and Australia.

More about Genesis Energy Limited

Genesis Energy Limited is a diversified New Zealand energy company that sells electricity, reticulated natural gas and LPG, and is among the country’s largest energy retailers with around 500,000 customers. The company generates power from a mix of thermal and renewable assets across New Zealand and holds a 46% stake in the Kupe Joint Venture, which owns the Kupe Oil and Gas Field off Taranaki, and reported NZ$3.7 billion in revenue for the year to 30 June 2025.

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