Otto Energy Limited (AU:OEL) has released an update.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Otto Energy Limited has announced an updated timetable for its return of capital, approved by shareholders for up to A$40 million or A$0.008 per share. The distribution is still pending a tax-free ruling from the Australian Tax Office, causing delays. Otto Energy is committed to resolving this and has provided a new schedule for shareholders, with payments expected by December 2024.
For further insights into AU:OEL stock, check out TipRanks’ Stock Analysis page.