Challenger Energy Group (GB:CEG) has released an update.
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Challenger Energy Group PLC has announced an AGM for July 30, 2024, where shareholders will vote on critical resolutions including the reappointment of directors, a share consolidation to improve marketability and draw institutional investors, and a new share allotment authority to fund development and explore opportunities through 2025. The proposed share consolidation aims to reduce the total number of shares, thereby increasing the value per share and making the stock more attractive to long-term investors. The company’s directors unanimously recommend shareholders to vote in favor of these changes, which they believe are in the best interests of the company.
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