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i3 Energy Proposes Capital Reduction for Dividend Stability
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i3 Energy Proposes Capital Reduction for Dividend Stability

i3 Energy Plc (GB:I3E) has released an update.

i3 Energy PLC, an oil and gas company with UK and Canadian operations, has announced the posting of a Circular to shareholders detailing a proposed capital reduction aimed at increasing distributable reserves for sustainable dividend payments. The company assures this process won’t affect the upcoming quarterly dividend and invites shareholders to attend a General Meeting on April 15, 2024, to vote on the resolution.

For further insights into GB:I3E stock, check out TipRanks’ Stock Analysis page.

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