The latest announcement is out from Genesis Energy Limited ( (DE:1G6) ).
Genesis Energy Limited has announced the issuance of 9,469,152 ordinary shares under its Dividend Reinvestment Plan (DRP) related to the 2025 Interim Dividend. This issuance represents 0.87% of the total class of financial products and is fully paid at a price of $2.0971 per share. The move is part of Genesis’s ongoing strategy to offer shareholders the option to reinvest dividends into additional shares, potentially enhancing shareholder value and supporting the company’s capital structure.
More about Genesis Energy Limited
Genesis Energy Limited is a diversified energy company in New Zealand, providing electricity, natural gas, and LPG through its retail brands Genesis and Frank. It is one of the largest energy retailers in the country, serving approximately 500,000 customers. The company generates electricity from a mix of thermal and renewable sources and holds a 46% stake in the Kupe Joint Venture, which operates the Kupe Oil and Gas Field. Genesis reported a revenue of NZ$3.0 billion for the year ending 30 June 2024.
YTD Price Performance: -7.14%
Average Trading Volume: 1,300
Technical Sentiment Signal: Strong Buy
Current Market Cap: €1.18B
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