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An update from Otto Energy Limited ( (AU:OEL) ) is now available.
Otto Energy Limited has completed its share sale facility for holders of unmarketable parcels, defined as holdings worth less than A$500 based on the October 24, 2025 record date, resulting in the sale of 42,750,844 shares from 1,680 small shareholders on market for total proceeds of A$172,860.91. Following the clean-up of 53,054,332 originally identified unmarketable shares, Otto’s shareholder register has been reduced to 1,602 holders while the total shares on issue remain unchanged at 4.8 billion, a move the company says will lower ongoing administrative, printing, mailing and registry costs associated with maintaining a large number of very small holdings, thereby improving operational efficiency for the company and its investors.
The most recent analyst rating on (AU:OEL) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Otto Energy Limited stock, see the AU:OEL Stock Forecast page.
More about Otto Energy Limited
Otto Energy Limited is an Australia-listed oil and gas company whose shares trade on the ASX under the code OEL. The company has a wide retail shareholder base and actively manages its share register and associated administrative costs as part of its capital markets strategy.
Technical Sentiment Signal: Hold
Current Market Cap: A$19.18M
See more data about OEL stock on TipRanks’ Stock Analysis page.