Challenger Energy Group (GB:CEG) has released an update.
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Challenger Energy Group PLC announced the successful passage of all resolutions at its Annual General Meeting, leading to a share consolidation on a 50-to-1 basis. The new share structure is set to take effect on August 6, 2024, with trading on AIM commencing the following day under a new ISIN. Shareholders will maintain their proportional interests post-consolidation, with fractional shares being aggregated and sold, and proceeds retained by the company.
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