White Energy’s Major Shareholders Boost Control

White Energy Company Limited (AU:WEC) has released an update.

White Energy Company Limited has experienced a significant shift in shareholder power dynamics, with Ilwella Pty Ltd, Ganra Pty Ltd, and Brian Flannery collectively increasing their voting power from 35.94% to 40.90%, through an entitlement allotment from a Rights Issue. The change, which occurred on June 5, 2024, saw a substantial increase in the number of ordinary shares held by each entity, reflecting a notable consolidation of influence within the company.

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