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Stock impact report

i3 Energy PLC Announces Reduction of Share Capital - Update [Yahoo! Finance]

Stifel Financial Corporation (SF) 
Last stifel financial corporation earnings: 7/30 06:00 am Check Earnings Report
US:NYSE Investor Relations: stifel.com/investor-relations
Company Research Source: Yahoo! Finance
oil and gas company with assets and operations in the UK and Canada, announces the following update to its proposed reduction of share capital. Proposed Capital Reduction - Next Steps and Timetable Terms used in this announcement have the same meaning given in the shareholder circular of the Company dated 25 March 2024 unless otherwise defined in this announcement. At the General Meeting held on 15 April 2024 the shareholders approved a resolution to allow, among other things, the Capital Reduction. The proposed Capital Reduction is intended to increase retained earnings in order to create further distributable reserves in the Company to facilitate the future payment of dividends (in cash or otherwise) to Shareholders, where justified by the profits of the Company, or to allow the redemption or buy-back of the Company's shares (or other distributions to Shareholders). The proposed Capital Reduction is subject to the scrutiny of, and confirmation by, the High Court of England a Show less Read more
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