Otto Energy Limited (AU:OEL) has released an update.
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Otto Energy Limited has announced an updated timetable for its return of capital, approved by shareholders for up to A$40 million or A$0.008 per share. The distribution is still pending a tax-free ruling from the Australian Tax Office, causing delays. Otto Energy is committed to resolving this and has provided a new schedule for shareholders, with payments expected by December 2024.
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