Otto Energy Limited (AU:OEL) has released an update.
Otto Energy Limited has updated shareholders on the progress of its A$40 million capital return, initially approved in November 2023, with a revised indicative timetable after delays in receiving a necessary class ruling from the Australian Tax Office. The company has set the effective date of capital return on 18 October 2024, with the payment to shareholders scheduled for 30 October 2024. Otto Energy has expressed gratitude to shareholders for their patience and reserved the right to adjust the timetable if needed.
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