14th Jul 2021 15:35
(Alliance News) - Trinity Exploration & Production PLC on Wednesday announced that the proposed reduction of the company's capital was sanctioned by the High Court of Justice in England and Wales on Monday.
Trinity is an independent production company focused solely on Trinidad and Tobago.
The capital reduction will become effective upon the registration of the order of the Court and accompanying statement of capital by the Registrar of Companies.
The capital reduction will result in the cancellation of the entire share premium account of the company, as well as the cancellation of the entire deferred share capital of the company.
Shares in Trinity were down 0.6% at 162.50 pence each in London on Wednesday afternoon.
By Amrit Sahota; [email protected]
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