Calima Energy Ltd (AU:CE1) has released an update.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Calima Energy Ltd invites shareholders to participate in a share buy-back program offering to repurchase up to 60% of its shares at $0.0083373 per share, with a specific buy-back for unmarketable parcels aimed at reducing expenses for shareholders. The company is also considering delisting from the ASX, providing shareholders a chance to sell their shares before potential limited liquidity. Key deadlines for the buy-back offers are 20 September 2024 for the First Buy-Back and approximately 15 business days after the Second Buy-Back’s record date.
For further insights into AU:CE1 stock, check out TipRanks’ Stock Analysis page.