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Pilot Energy Limited ( (AU:PGY) ) has shared an announcement.
Pilot Energy Limited has announced a consolidation of its ordinary shares and several classes of options, with trading in the post-consolidation securities on a deferred settlement basis to commence on 26 February 2026, a record date of 27 February 2026 and an issue date of 6 March 2026. The company’s 39 convertible notes with an aggregate face value of approximately $13 million will also be consolidated in line with their terms and ASX listing rules, materially increasing the conversion prices and reducing the number of potential conversion shares, except for a $300,000 note maturing on 19 February 2026 that will not be consolidated, a move that simplifies the capital structure and may support a higher per‑share trading price and clearer equity base for investors.
The most recent analyst rating on (AU:PGY) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Pilot Energy Limited stock, see the AU:PGY Stock Forecast page.
More about Pilot Energy Limited
Pilot Energy Limited is an Australian-listed energy company whose securities trade on the ASX under the code PGY. The company has ordinary fully paid shares on issue, along with several classes of listed options and a series of convertible notes that provide equity-linked funding to support its operations and projects in the energy sector.
Technical Sentiment Signal: Sell
Current Market Cap: A$8.68M
See more insights into PGY stock on TipRanks’ Stock Analysis page.