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TMK Energy Limited ( (AU:TMK) ) has issued an announcement.
TMK Energy Limited announced the successful results of its General Meeting, where all resolutions were passed by shareholder vote. Key outcomes include the approval for directors to participate in a recent placement, leading to the issuance of 75 million shares and a consolidation of the company’s securities on a 1 for 55 basis. This consolidation is set to take effect in early November 2025, with updated shareholder statements to follow. The decisions are expected to streamline TMK’s capital structure and potentially enhance its market position.
More about TMK Energy Limited
TMK Energy Limited operates in the energy sector, focusing on the exploration and development of energy resources. The company is involved in the issuance and management of securities as part of its financial operations.
Current Market Cap: A$11.9M
For a thorough assessment of TMK stock, go to TipRanks’ Stock Analysis page.