NuEnergy Gas Limited (AU:NGY) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
NuEnergy Gas Limited has announced a proposal to issue a whopping 408,539,447 new fully paid ordinary shares under a standard pro rata arrangement, which may be either renounceable or non-renounceable. The key dates include an ex-date of August 29, 2024, a record date of August 30, 2024, with the offer closing on September 12, 2024, and the issue date set for September 16, 2024. This move aims to infuse new capital into the company, potentially stirring investor interest in the energy sector’s financial markets.
For further insights into AU:NGY stock, check out TipRanks’ Stock Analysis page.