Trinity Shareholders Approve Lease Operators Acquisition

Trinity Exploration & Production (GB:TRIN) has released an update.

Trinity Exploration & Production shareholders have voted in favor of a cash acquisition by Lease Operators Limited at 68.05 pence per share, with the transaction set to proceed through a court-sanctioned scheme of arrangement. The deal, which was overwhelmingly supported at recent meetings, is expected to become effective on November 5, 2024, pending court approval. This acquisition represents a significant move in the energy sector, potentially impacting stock prices and market dynamics.

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