Otto Energy plans $20M capital return
Otto Energy (ASX:OEL) plans to return approximately $20 million to shareholders alongside a 100:1 share consolidation.

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Otto Energy (ASX:OEL) plans to return approximately $20 million to shareholders alongside a 100:1 share consolidation.
Three listed funds managed by Metrics Credit Holdings face net tangible asset reductions of up to 12.16% following an independent audit.
Felix Group (ASX:FLX) secured firm commitments to raise $5.5 million through a two-tranche institutional placement.
Tyranna Resources (ASX:TYX) entered an agreement to acquire up to a 70% interest in the Coola Rare Earths and Niobium Project.
Deputy Opposition Leader Jane Hume has warned the federal government against threatening criminal proceedings against OpenAI.
Johnson & Johnson (NYSE:JNJ) reported that TREMFYA met its primary and major secondary endpoints in the Phase 4 STAR study evaluating adults with active psoriatic arthritis and MRI-confirmed axial inflammation.
AstraZeneca (NASDAQ:AZN) received U.S. Food and Drug Administration Priority Review for its supplemental Biologics License Application for IMFINZI (durvalumab) combined with enfortumab vedotin in patients with muscle-invasive bladder cancer who are ineligible for or have declined cisplatin-based chemotherapy.
Vertical Aerospace (NYSE:EVTL) opened a dedicated Aircraft Assembly Centre at its Cotswold Airport Flight Test Centre, adding 60,000 square feet of manufacturing space to support the development and production of its Valo electric vertical take-off and landing aircraft.
Global investment firm KKR (NYSE:KKR) announced that funds managed by the company have completed the sale of a portfolio of 16 hotels across Japan operating under the Four Points Flex by Sheraton brand.
PC Gold (ASX:PC2) reported new diamond drilling results at its Spring Hill Gold Project, intersecting higher gold grades than modelled.
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