JUTAL OIL SER Faces 160 Million Share Shortfall in Rights Issue

Stock News
Mar 03

JUTAL OIL SER (03303) has announced that there were no ineligible shareholders as of the record date, resulting in no unsubscribed rights issue shares related to such shareholders. By 4:00 PM on Thursday, February 26, 2026, the final acceptance deadline, the company had received valid applications and acceptances for a total of 196 million rights issue shares based on provisional allotment letters. This represents approximately 55.02% of the total rights issue shares offered. Consequently, a shortfall of 160 million rights issue shares occurred, accounting for about 44.98% of the total shares available under the rights issue. The shortfall will be subject to compensatory arrangements.

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