Trinity Exploration & Production (GB:TRIN) has released an update.
Trinity Exploration & Production has confirmed that its directors intend to vote in favor of a recommended cash acquisition by Lease Operators Limited, which is to be executed via a scheme of arrangement under the Companies Act 2006. The directors’ affirmative stance pertains to their combined 0.9% shareholding in Trinity. The acquisition is subject to shareholder approval and will be detailed in a Scheme Document, which stakeholders are advised to read for important information.
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