57,600 Contact Energy shareholders have a big decision

Contact Energy's Ohaaki geothermal power station.

Sat, 20 Feb 2021

Contact Energy was straight out of the starting blocks on Monday morning with a trading halt followed by the announcement of a $400 million capital raise.Institutional investors have taken up the bulk of the equity raising but $75m has been reserved for retail investors who have been given the opportunity to apply for up to $50,000 worth of new shares worth $7 each.Contact Energy had 63,275 shareholders at the end of June 2020 with 57,596, or 91.0%, holding fewer than 5,000 shares.The opportunity to purchase another $50,000 worth of shares is a...

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