Longreach Bolsters Control Over Finder Energy

Finder Energy Holdings Limited (AU:FDR) has released an update.

Finder Energy Holdings Limited has experienced a significant change in shareholding as Longreach Capital Investment Pty Ltd and its subsidiaries increased their voting power from 53.4% to 62.2% by acquiring 65,476,191 new shares through a non-renounceable entitlement offer. This strategic move, resulting in Longreach and associated entities now holding 150,846,033 shares, showcases a strengthening grip on Finder’s voting power and indicates a potential directional shift for the energy company.

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