Renergen Rejects Mahlako Gas Energy's Put Option Claim in Tetra4 Deal
MT Newswires Live
Jul 10, 2025
Renergen (ASX:RLT) rejected Mahlako Gas Energy's (MGE) attempt to exercise a put option in their Tetra4 investment agreement, claiming the move lacks legal basis, according to a Thursday Australian bourse filing.
The company said the put option exercise is considered "premature" and does not fulfill the conditions specified in the agreement, per the filing.
Renergen plans to resolve its dispute through formal channels outlined in its agreement, assuring shareholders that core operations and strategy remain unaffected, the filing added.
Mahlako Gas Energy did not immediately respond to a request for comment from MT Newswires.
Renergen's shares were up almost 2% in recent Thursday trade.
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