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Northern Electric ( (GB:NTEA) ) has provided an announcement.
Northern Electric PLC announced the passing of a special resolution during its Annual General Meeting, which empowers the directors to allot equity securities for cash without the restrictions of Section 561 of the Act. This authority is valid until June 30, 2030, or until the conclusion of the 2030 AGM, allowing the company flexibility in its financial strategies and potentially enhancing its market position.
More about Northern Electric
Northern Electric PLC operates in the energy sector, focusing on the distribution and supply of electricity. The company is committed to providing reliable and sustainable energy solutions to its customers.
Average Trading Volume: 71,835
Technical Sentiment Signal: Buy
Current Market Cap: £150.2M
See more data about NTEA stock on TipRanks’ Stock Analysis page.