Oilex Ltd (GB:SYN) has released an update.
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Synergia Energy Ltd has announced the exercise of nil-cost options by its executives, leading to an issuance of 311.7 million new ordinary shares, scheduled for trading on AIM by November 22, 2024. This move, alongside a previous equity issue, will increase the company’s total share capital to over 13 billion shares, impacting shareholder voting rights. Stock market enthusiasts will be keen to watch how these developments influence Synergia’s market standing.
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