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Pure Hydrogen Spins Out Eastern Gas with Free Shares for Investors
11:04am on Wednesday 29th of January, 2025 AEDT
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Energy
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Pure Hydrogen Spins Out Eastern Gas with Free Shares for Investors
11:04am on Wednesday 29th of January, 2025 AEDT
Key Points
Pure Hydrogen to demerge Australian gas assets into Eastern Gas Limited
Shareholders receive free Eastern Gas shares via in-specie distribution
Eastern Gas IPO expected to raise $8–10 million for gas project development
Eastern Gas holds 453 Bcf 2C contingent gas resources in Queensland
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