Geo Energy: Signs Agreement For ResInvest To Purchase Second Tranche Of US$5 Million Treasury Shares At S$0.50 Per Share Ahead Of Schedule, ResInvest's Equity Stake Rises To 6.8%.

24 Dec 2024 09:57

As announced in February 2024, Resource Invest AG, a private commodities investment company, intends to invest US$35 million to acquire at least 5.5% equity stake in the Company, by 31 March 2026. Such equity investment includes purchasing US$10 million of the Company's treasury shares in two equal tranches at the placement prices of S$0.45 per share, completed in March 2024, and S$0.50 per share, to be completed ahead of schedule on 27 December 2024 instead of February 2025...

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Source: ShareInvestor Express