Triple Energy Limited (AU:HYT) has released an update.
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Hyterra Limited is set to hold a crucial general meeting on December 4, 2024, where shareholders will vote on a proposal to issue shares and options to Fortescue, potentially increasing its stake to 49.75%. The board recommends the transaction, viewing it as beneficial despite an independent expert’s assessment of it being ‘not fair but reasonable.’ Additionally, shareholders will decide on appointing Christine Nicolau as a director and issuing retainer fee shares to RM Capital.
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