Botala Energy (ASX:BTE) said it will postpone its extraordinary general meeting to February 2025 to accommodate the festive period, according to a Tuesday filing with the Australian bourse.
The meeting, originally scheduled for late December, will seek approval from shareholders to issue 2 million tranche two consideration shares under the company's sale agreement to acquire the remaining 30% stake from Pure Hydrogen (ASX:PH2), the filing said.
The shares will be subject to a 12-month Australian Securities Exchange-imposed escrow from the date of issue, the filing added.
The energy company has already issued 6 million tranche one shares and 6.5 million tranche shares, both of which are subject to the ASX-imposed escrow, expiring on Apr. 16, 2025, and Sep. 16, 2025, respectively.
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