Neo Energy Issues Shares for Director Fees

Stranger Holdings (GB:NEO) has released an update.

Neo Energy Metals PLC has declared the issuance of over 18 million Ordinary Shares to its non-executive directors and service providers as payment for their services, with the new shares expected to commence trading on the London Stock Exchange in early October. This strategic move to pay in shares rather than cash reflects the ongoing support and commitment of the directors and service providers to the company’s growth and development in the uranium mining sector. Post-admission, the total number of voting rights in the company will reach approximately 1.45 billion.

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