On 15 April, i3 Energy PLC approved a resolution to reduce share capital, aiming to increase retained earnings and facilitate future dividends or buybacks.
i3 Energy PLC, an independent oil and gas firm in the UK and Canada, announced the approval of a resolution to reduce share capital at its General Meeting on 15 April. The reduction aims to increase retained earnings, create distributable reserves, and facilitate future dividend payments or share buybacks. The Capital Reduction was proposed in the shareholder circular on 25 March.
June 20, 2024
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