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Botala Energy Moves to Fix Related Party Share Breach Amid Placement Success
7:01am on Saturday 13th of September, 2025 AEST
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Energy
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Botala Energy Moves to Fix Related Party Share Breach Amid Placement Success
7:01am on Saturday 13th of September, 2025 AEST
Key Points
Inadvertent breach of ASX Listing Rule 10.11 due to share issuance to a director’s spouse
Approximately 847,458 shares issued incorrectly under Placement Tranche 1
Corrective action includes off-market sale of shares to unrelated investors
Profits from sale to be donated to charity
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