Otto Energy Limited (AU:OEL) has released an update.
Elevate Your Investing Strategy:
- 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.
Otto Energy Limited has announced a revised timeline for its A$40 million return of capital, approved by shareholders in November 2023. The company is awaiting a tax ruling from the Australian Tax Office to finalize the distribution, with key dates now scheduled for February and March 2025. Otto Energy appreciates shareholders’ patience as they work to complete the process.
For further insights into AU:OEL stock, check out TipRanks’ Stock Analysis page.