Energy Resources of Australia Ltd (ERA) has shared an update regarding its AU$880 million Entitlement Offer first announced on 29 August 2024. Zentree Investments Limited and Packer & Co Ltd submitted a review request following the Takeovers Panel's initial decision to not proceed with their prior application. With the Takeovers Panel President's consent, the review Panel has now decided to conduct proceedings. Due to the uncertainty this has caused, ERA’s Independent Board Committee will announce a revised Entitlement Offer timetable after the outcome of the Review Application is determined.
ERA will continue to keep shareholders informed of any significant developments. For further inquiries, media can contact Ben Mitchell at Stinton Advisory, and investors can reach out to Craig Sainsbury at Automic Markets. ERA remains committed to its Ranger Rehabilitation Project and acknowledges the Mirarr people, Traditional Custodians of the land where the project is located.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
