Brief: Genie Energy Announce Expansion Of Its Consumer Product Portfolio And Formation Of "Captive" Self-Insurance Subsidiary

Genie Energy

26/01/2024 13:37

Jan 26 (Reuters) - Genie Energy Ltd  GNE.N :
    * GENIE ENERGY UNVEILS INSURANCE STRATEGY
    * GENIE ENERGY LTD: EXPANSION OF ITS CONSUMER PRODUCT
PORTFOLIO
AND FORMATION OF A "CAPTIVE" SELF-INSURANCE SUBSIDIARY
    * GENIE ENERGY LTD - GENIE ANNOUNCED THAT IT HAS FORMED A
WHOLLY-OWNED CAPTIVE INSURANCE SUBSIDIARY
    * GENIE ENERGY LTD: GENIE WILL RECORD A ONE-TIME,
NON-RECURRING,
NON-CASH CHARGE OF APPROXIMATELY $45 MILLION IN Q4
    * GENIE ENERGY LTD: DOES NOT EXPECT CHARGE TO IMPACT ITS
ADJUSTED
EBITDA RESULTS FOR Q4 OR FULL YEAR 2023

Source text for Eikon:  ID:nGNXb10KmQ 
Further company coverage:  GNE.N 

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