Steppe Cement (GB:STCM) has released an update.
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Steppe Cement has announced shareholder approval for a capital repayment of approximately 1.5 pence per share, following a successful Extraordinary General Meeting (EGM). The company’s share capital will be reduced by USD4.2 million, with the completion of this capital repayment expected by the end of 2024. The number of outstanding shares remains unchanged at 219 million.
For further insights into GB:STCM stock, check out TipRanks’ Stock Analysis page.