88 Energy Provides Update on Small Holding Share Sale Facility
Why we think this is neutral
This RNS announcement provides an update on 88 Energy's Small Holding Share Sale Facility, which is a routine corporate action and does not contain any significant news that would impact the company's performance or outlook.
Key Points
- 88 Energy received Notice of Retention Forms from 1,419 shareholders with a combined total of 10,350,547 ordinary shares
- 860 shareholders with a combined total of 8,777,600 less than marketable parcel shares have either sold their shares, merged their holdings or topped up their eligible share parcels
- The remaining shares from the Small Holding Sale Facility is a total of 46,141,266 ordinary shares, which the company's broker will now commence selling
Summary
88 Energy Limited (ASX:88E, AIM:88E, OTC:EEENF) has provided an update on its Small Holding Share Sale Facility, which was announced in June 2025. The company received Notice of Retention Forms from 1,419 shareholders with a combined total of 10,350,547 ordinary shares. In addition, 860 shareholders with a combined total of 8,777,600 less than marketable parcel shares have either sold their shares, merged their holdings or topped up their eligible share parcels. The remaining shares from the Small Holding Sale Facility is a total of 46,141,266 ordinary shares, which the company's broker will now commence selling in an orderly manner.