Frontier Energy Limited (‘FHE’) has released its Appendix 4E Report.
1. Results for announcement to the market
2. Dividend information
There were no dividends paid, recommended or declared during the current financial year or the previous financial year.
There is no dividend reinvestment plan.
3. Net tangible assets per ordinary share
4. Control gained or lost over entities
On 15 May 2023, Frontier assessed that it had lost control over Waroona Energy Inc (“WHE”) and deconsolidated its interest in WHE from the date this change occurred and as a result Frontier classified WHE as an associate.
On 14 December 2023 Frontier completed the acquisition of all of the outstanding shares of WHE that it did not already own or control and accordingly re-gained control over WHE from this date.
5. Details of associates and joint ventures
Not applicable.
Additional information supporting the Appendix 4E disclosure requirements can be found in the Annual Report which contains the Directors’ Report and the consolidated financial statements for the year ended 31 December 2023.
This report is based on the consolidated financial statements for the year ended 31 December 2023 which have been audited.
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