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Prominence Energy Limited ( (AU:PRM) ) has issued an announcement.
Prominence Energy has issued 237.5 million fully paid ordinary shares following the conversion of performance rights granted as part of the consideration for its acquisition of Gawler Group Holdings Pty Ltd, with the new shares placed under voluntary escrow until 15 December 2026. The company has confirmed that the shares were issued without a prospectus under the Corporations Act’s disclosure exemptions, stated it is in compliance with its financial reporting and continuous disclosure obligations, and indicated there is no additional undisclosed information required for investors to assess its financial position or the rights attached to its ordinary shares.
The most recent analyst rating on (AU:PRM) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Prominence Energy Limited stock, see the AU:PRM Stock Forecast page.
More about Prominence Energy Limited
Prominence Energy Ltd is an ASX-listed Perth-based energy company focused on high return, early-stage investments across conventional oil and gas, helium, green energy and especially green hydrogen. Its current portfolio includes a 100% working interest in the Big Apple gas prospect in the Gulf of Mexico, a 20% interest in Umine, and a 10% stake in ECOSSAUS Ltd, which is developing solution-mined salt caverns in Australia for on-demand energy storage such as gas or hydrogen.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$4.38M
Learn more about PRM stock on TipRanks’ Stock Analysis page.