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Mast Energy Developments PLC ( (GB:MAST) ) has shared an announcement.
Mast Energy Developments PLC announced the exercise of warrants resulting in the issuance of 1,500,000 new ordinary shares at 4 pence per share. This move, following an equity fundraise, will alter the shareholding structure, reducing the stakes of key stakeholders such as Paul Venter and Riverfort Global Opportunities PCC Ltd. The company’s issued share capital will now consist of 14,748,927 ordinary shares, impacting shareholder calculations under UK financial regulations.
More about Mast Energy Developments PLC
Mast Energy Developments PLC is a UK-based company operating in the rapidly growing Flexible Generation Power market. It is a multi-asset owner, developer, and operator, focusing on providing flexible energy solutions.
Average Trading Volume: 656,446
Technical Sentiment Signal: Buy
Current Market Cap: £21.26M
See more insights into MAST stock on TipRanks’ Stock Analysis page.