SUBSCRIBE
PROFILE

Westbridge Reduces Common Shares by Four to Attract Institutional Investors

Westbridge Renewable Energy will implement a share consolidation on August 22, reducing the number of outstanding shares by four to optimize its financial market strategy.

Share:

Subscribe for unlimited access to all the latest energy sector news.

Over 150 multisector articles and analyses every week.

For less than €3/week*

*For an annual commitment

*Engagement annuel à seulement 99 € (au lieu de 149 €), offre valable jusqu'au 30/07/2025 minuit.

SUBSCRIBE
The Canadian company Westbridge Renewable Energy Corp., specialized in the development of large-scale energy infrastructure, announced that the effective date of its common share consolidation is set for August 22, 2025. This operation will result in the exchange of one post-consolidation common share for every four pre-consolidation common shares. The…

The Canadian company Westbridge Renewable Energy Corp., specialized in the development of large-scale energy infrastructure, announced that the effective date of its common share consolidation is set for August 22, 2025. This operation will result in the exchange of one post-consolidation common share for every four pre-consolidation common shares.

The company’s branding, including its corporate name and stock symbols on the Canadian (TSXV), American (OTCQX), and German (FRA) exchanges, will remain unchanged. However, trading identifiers will be updated, with a new CUSIP code (95716A201) and a new ISIN code (CA95716A2011) applied to the consolidated securities.

Reduction in Share Count and Conversion Procedures

The consolidation will significantly reduce the number of outstanding shares, decreasing from 101,149,851 common shares to approximately 25,287,462, subject to adjustments for fractional shares. No fractional shares will be issued, in accordance with the policies of the TSX Venture Exchange (TSXV), and partial shares will be rounded down to the nearest whole number.

Registered shareholders will receive a letter of transmittal with detailed instructions to convert their share certificates. They must return their current certificates, along with the completed form, to the transfer agent, Computershare Trust Company of Canada (Computershare). After processing, they will receive certificates for the new number of shares or a direct registration advice.

Adjustments and Market Positioning Strategy

Westbridge stated that its stock options, restricted share units, and performance share units will be proportionally adjusted as of the consolidation effective date.

This initiative is part of a broader strategy to strengthen trading liquidity, increase institutional investor interest, and support the company’s long-term growth trajectory. Chief Executive Officer Stefano Romanin said the strategic measure aims to enhance Westbridge’s positioning in public capital markets.

  • Popular on energynews.pro
Occidental and Algeria Launch Two Studies to Assess New Oil and Gas Fields
Washington strengthens ties with Pakistan over minerals and hydrocarbons
Norway exceeds its oil and gas production forecasts in July
RWE posts €2.1bn adjusted EBITDA in H1 2025 despite adverse wind conditions
Moscow develops Arctic turbines for the Northern Sea Route
Masdar mobilizes USD 1.685 billion for energy projects through green bonds
Masdar has allocated the entirety of its 2023–2024 green bond issuances to solar, wind, and storage energy projects, while expanding its financial framework to include green hydrogen and batteries.
Energiekontor issues a €15 million green bond for its European projects
Energiekontor launches a €15 million corporate bond at 5.5% over eight years, intended to finance wind and solar projects in Germany, the United Kingdom, France, and Portugal.
United States: 2024 Capex and M&A Strengthen Producers’ Energy Advantage
The 2025 EY study on 40 groups shows capex driven by mega-deals, oil reserves at 34.7 billion bbl, gas at 182 Tcf, and pre-tax profits declining amid moderate prices.
Ampol’s Half-Year Profit Drops 23% but Exceeds Market Expectations
Australian fuel distributor Ampol reports a 23% drop in net profit, impacted by weak refining margins and operational disruptions, while surpassing market forecasts.
Puerto Rico faces a sharp rise in power outages in 2024
Puerto Rico customers experienced an average of 73 hours of power outages in 2024, a figure strongly influenced by hurricanes, according to the U.S. Energy Information Administration.
CITGO posts $100 million net profit in second quarter 2025
CITGO returns to profitability in Q2 2025, supported by maximum utilization of its refining assets and adjusted capital expenditure management.
MARA invests $168mn to acquire 64% stake in EDF’s subsidiary Exaion
MARA strengthens its presence in digital infrastructure by acquiring a majority stake in Exaion, a French provider of secure high-performance cloud services backed by EDF Pulse Ventures.
ACEN reaches 2,100 MW of attributable renewable capacity in India
ACEN strengthens its international strategy with over 2,100 MWdc of attributable renewable capacity in India, marking a major step in its expansion beyond the Philippines.
OT Cyberattacks: Energy Sector Faces $329 Billion in Risks
A Dragos report reveals the scale of cyber vulnerabilities in global energy infrastructures. Potential losses reach historic highs.
New Fortress Energy delays release of quarterly results due to debt negotiations
The US liquefied natural gas producer is extending its filing deadlines with the regulator, citing ongoing talks over additional credit support.
NRN raises $67.2m to accelerate its distributed energy platform in Australia
Australian company NRN has closed a $67.2m funding round, combining equity and debt, to develop its distributed energy infrastructure platform and expand its decentralised storage and generation network.
Tesla applies to supply electricity to British households
The American manufacturer is seeking a licence from the UK energy regulator to distribute electricity in the United Kingdom, marking its first move into this sector outside Texas.
Diversified Energy posts 79% revenue increase in first half of 2025
The US oil and gas producer increased production and cash flow, driven by the Maverick integration and a $2 billion strategic partnership with Carlyle.
Boralex reports a decline in EBITDA in Q2 despite increased production
Boralex saw its earnings before interest, taxes, depreciation and amortization fall by 13% in the second quarter of 2025, despite a 14% increase in production, due to less favourable prices in France and lower revenues from joint ventures.
CES Energy Solutions posts record revenue in Q2 2025
The Canadian supplier of chemical solutions for the oil industry generated CAD574 mn ($419.9 mn) in revenue in the second quarter, up 4% year-on-year, and announced a quarterly dividend.
EnBW maintains 2025 guidance despite 7% drop in EBITDA
EnBW posted adjusted EBITDA of €2.4 billion in the first half of 2025, supported by its diversified operations, and confirmed its annual targets despite unfavourable weather conditions.
Joule, Caterpillar and Wheeler launch 4 GW energy project for data centres in Utah
Joule, Caterpillar and Wheeler have signed a partnership to provide four gigawatts of energy to a next-generation data centre campus in Utah, integrating battery storage and advanced cooling solutions.
GFL Environmental finalises $4.25bn deal to recapitalize Green Infrastructure Partners
GFL Environmental announces the recapitalization of Green Infrastructure Partners at an enterprise value of $4.25bn, involving new institutional investors and a major redistribution of capital to its shareholders.
Uniper tightens annual guidance and adjusts its energy transformation strategy
Uniper reaffirms its targets for the year, narrows its forecast range, and strengthens its transformation strategy while launching cost-cutting measures in a demanding market environment.
Yanara gains independence to accelerate renewable project expansion in Asia-Pacific
BrightNight’s Asian subsidiary becomes Yanara and positions itself as an independent player to strengthen the development of large-scale renewable energy solutions in the Asia-Pacific region.
Consent Preferences