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     141  0 Kommentare i3 Energy PLC Announces Reduction of Capital - Seite 3

    There will be no change in the number of Ordinary Shares in issue (or their nominal value) following the implementation of the Capital Reduction and no new share certificates will be issued as a result of the Capital Reduction. The Capital Reduction itself will not involve any distribution or repayment of capital or share premium by the Company and will not reduce the underlying net assets of the Company. The distributable reserves arising on the Capital Reduction will, subject to the discharge of any undertakings required by the Court as explained below, support the Company's ability to pay dividends.

    The Directors reserve the right to abandon or discontinue any application to the Court for confirmation of the Capital Reduction if the Directors believe that the terms required to obtain confirmation are unsatisfactory to the Company or if, as the result of a material unforeseen event, the Directors consider that to continue with the Capital Reduction would be inappropriate or inadvisable.

    A detailed description of the business to be conducted at the GM will be provided in the Circular.

    Notes

    1. All times shown are London times unless otherwise stated.

    Enquiries:

    i3 Energy plc

    Majid Shafiq (CEO)

    c/o Camarco

    Tel: +44 (0) 203 757 4980

    WH Ireland Limited (Nomad and Joint Broker)

    James Joyce, Darshan Patel

    Tel: +44 (0) 207 220 1666

    Tennyson Securities (Joint Broker)

    Peter Krens

    Tel: +44 (0) 207 186 9030

    Stifel Nicolaus Europe Limited (Joint Broker)

    Ashton Clanfield, Callum Stewart

    Tel: +44 (0) 20 7710 7600

    Camarco

    Andrew Turner, Violet Wilson, Sam Morris

    Tel: +44 (0) 203 757 4980

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    Verfasst von Accesswire
    i3 Energy PLC Announces Reduction of Capital - Seite 3 Reduction of CapitalEASTLEIGH, UK / ACCESSWIRE / March 11, 2024 / i3 Energy plc ("i3", "i3 Energy", or the "Company") (AIM:I3E)(TSX:ITE), an independent oil and gas company with assets and operations in the UK and Canada, announces that a Notice of …