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Genesis Energy Raises NZ$100m Placement to Power Renewable Growth
8:56am on Tuesday 24th of February, 2026 AEDT
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Energy
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Genesis Energy Raises NZ$100m Placement to Power Renewable Growth
8:56am on Tuesday 24th of February, 2026 AEDT
Key Points
NZ$100 million fully subscribed placement at NZ$2.15 per share
Strong support from existing shareholders including the Crown
Upcoming NZ$300 million underwritten pro rata renounceable rights offer
Funds to support Gen35 strategy focused on renewable generation growth
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GENESIS ENERGY (ASX:GNE)
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