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The latest update is out from RC Fornax plc ( (GB:RCFX) ).
RC Fornax PLC announced that all resolutions proposed at its General Meeting were approved, leading to the issuance of 2,279,999 new shares at 6 pence each to directors and PDMRs. This move is part of a broader strategy to enhance the company’s capital structure, with the new shares expected to commence trading on AIM. The enlarged share capital will now total 95,942,718 shares, impacting shareholder voting rights and potentially strengthening RC Fornax’s position in the defense sector.
More about RC Fornax plc
RC Fornax PLC is an AIM-quoted company providing outcome-based engineering solutions to the UK defence industry. Founded in 2021 by RAF veterans Paul Reeves and Daniel Clark, the company focuses on improving project efficiencies and delivering value for money in the sector.
Average Trading Volume: 318,698
Technical Sentiment Signal: Strong Sell
Current Market Cap: £4.29M
See more data about RCFX stock on TipRanks’ Stock Analysis page.