Steppe Cement (GB:STCM) has released an update.
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Steppe Cement Ltd, a Kazakh cement producer, announced a proposed capital repayment of approximately 1.5 pence per ordinary share via a capital reduction, subject to shareholder approval at an upcoming extraordinary general meeting. This initiative aims to return excess capital to shareholders while maintaining sufficient reserves for future development. The proposal, which requires a 75% approval from shareholders, will not affect the number of outstanding shares or the earnings per share.
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