Trinity Directors Back Lease Operators’ Acquisition

Trinity Exploration & Production (GB:TRIN) has released an update.

Trinity Exploration & Production has confirmed that its directors intend to vote in favor of a recommended cash acquisition by Lease Operators Limited, which is to be executed via a scheme of arrangement under the Companies Act 2006. The directors’ affirmative stance pertains to their combined 0.9% shareholding in Trinity. The acquisition is subject to shareholder approval and will be detailed in a Scheme Document, which stakeholders are advised to read for important information.

For further insights into GB:TRIN stock, check out TipRanks’ Stock Analysis page.