Capital Reduction Effective

Summary by AI BETAClose X

Metlen Energy & Metals PLC announces the effective reduction in the nominal value of its ordinary shares from €11 to €1, following High Court confirmation and registration with the Registrar of Companies. This capital reduction, which also involved the cancellation of legacy preference and subscriber shares, creates €1,430,229,800 in distributable reserves, enhancing the company's flexibility for future shareholder returns through dividends or buybacks. The company's share capital is now €143,022,980, comprising 143,022,980 ordinary shares with a nominal value of €1 each.

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