3rd Aug 2022 20:47
Phoenix Global Resources PLC - London-based upstream oil and gas company focused on Argentina - Proposes delisting from AIM and the Buenos Aires Stock Exchange, providing a "cash exit opportunity for shareholders" in the process. Major shareholder Mercuria Energy Group Ltd, which holds an 84% stake, proposes purchasing shares at 7.5p each under the exit opportunity, a 25% premium to its closing price on June 25, the day before it discussed a potential delisting with Mercuria and a 21% premium to Tuesday's closing price of 6.20p. Read More
