Viva Energy Group Ltd. ( (AU:VEA) ) just unveiled an update.
Viva Energy Group Limited announced the successful participation in its inaugural Dividend Reinvestment Plan (DRP) for the final dividend of 2024, with 52% of the company’s issued capital participating, including its major shareholder VIP Energy Australia B.V. The DRP resulted in the issuance of 19,041,596 shares at a discounted price, reflecting strong shareholder engagement and potentially enhancing the company’s capital base without incurring brokerage or transaction costs.
More about Viva Energy Group Ltd.
Viva Energy (ASX: VEA) is a prominent convenience retailer and energy infrastructure business in Australia, with over 120 years of history. The company operates a network of nearly 900 retail convenience and fuel stores, supplies fuels and lubricants to about 1,500 service stations, and owns the Geelong Refinery in Victoria. It also operates businesses in bulk fuels, aviation, bitumen, marine, chemicals, polymers, and lubricants, supported by over 20 terminals and 79 airports and airfields across Australia.
YTD Price Performance: -34.10%
Average Trading Volume: 3,901
Technical Sentiment Signal: Buy
Current Market Cap: €1.62B
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