Everyone got all they wanted......and OGO got a few more again to increase their % holding.
Extraordinary times for oil and gas and rely on the majority owner to fulfil the rights offer. ;)
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Everyone got all they wanted......and OGO got a few more again to increase their % holding.
Extraordinary times for oil and gas and rely on the majority owner to fulfil the rights offer. ;)
Right so this will see OG energy increase there position in NZO ..
Anyone who missed out on the capital raise can still buy today at 42cps......;)
Us holders can see the Macro ahead,you keep swimming with the minnows ;)
Right now NZO has what 55mill + whats up next ... a offer for the rest of CUE ... that when you do the number and take CUE likely present cash balance off ... at present market value NZO would pay around A$11mill (If us CUE S/H took present price for are shares) for the shares they don't own..
If NZO went to say 15c per CUE share not held they would use up around $40mill (taking CUE cash off)
Can someone please clarify: I recently took up my additional NZO rights and opted to transfer all shares to ASX.
Will I receive a holding statement from Computershare Australia detailing my holding?. They still show on my Computershare NZ statement as being all listed as an NZ holding.
Is there any action I need to take to record the shares as an ASX listing vs a NZ listing?
Thanks
SPC, as I understand it you don't need to take any action. Once NZO obtains primary listing on the ASX the shareholders who have opted to have their shareholding shunted will see their registry change from the NZX to the ASX.
Going by what I can read this will occur around the middle of June, but take that as an assumption rather than fact. At that time you will receive transaction statements from the two share registries.
Thanks Wiremu
Less than $1k traded for NZO and thats both ASX & NZX markets ...