The latest update is out from Otto Energy Limited ( (AU:OEL) ).
Otto Energy Limited has announced an update on the timetable for its return of capital, which was approved by shareholders in November 2023. The company is awaiting a tax ruling from the Australian Tax Office to finalize the distribution, which amounts to up to A$40 million or A$0.008 per share. The new indicative timetable outlines key dates for the capital return, with the effective date set for May 13, 2025, and payment to shareholders scheduled for May 30, 2025. The company acknowledges the delay and thanks shareholders for their patience.
More about Otto Energy Limited
Otto Energy Limited is an energy company listed on the Australian Securities Exchange (ASX: OEL). The company operates in the energy sector, focusing on exploration and production activities, with offices in both Australia and Houston, Texas.
Technical Sentiment Signal: Strong Buy
Current Market Cap: $31.7M
See more data about OEL stock on TipRanks’ Stock Analysis page.