Enteq Upstream (GB:NTQ) has released an update.
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Enteq Technologies plc has announced its upcoming Annual General Meeting, scheduled for September 25, 2024, where a key resolution will be proposed to reduce the company’s capital by cancelling its share premium account balance. This move aims to give the company flexibility to make future shareholder distributions, pending court approval. The proposed capital reduction will not affect the number or value of Enteq’s shares, nor will it impact the company’s cash position or net asset value.
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