Malin (MLLNF) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Malin Corporation PLC successfully passed a resolution at their Extraordinary General Meeting to create additional distributable reserves through a share capital reduction, with plans to return approximately €45 million to shareholders via a tender offer. The share capital reduction is pending confirmation from the Irish High Court, and if approved, the tender offer is expected to take place in the fourth quarter of 2024.
For further insights into MLLNF stock, check out TipRanks’ Stock Analysis page.