9th Sep 2024 14:28
Curzon Energy PLC - London-based investor and developer in US-based natural gas projects - Pretax loss widens 4.9% to USD735,253 in 2023 from USD701,093 a year ago. The company emphasises: "Given the nature of the business and its development strategy, it is unlikely that the board will recommend a dividend in the next few years." Looking ahead, Chair John McGoldrick says: "The revised board will now work closely with Peterhouse in order to identify a suitable transaction of sufficient size to meet the recent London Stock Exchange rule changes, that outline that any new reverse takeover transaction must be larger than GBP30 million upon completion and relisting. In May, the company had announced it ceased discussions regarding any reverse takeover transaction.
Current stock price: suspended
By Tom Budszus, Alliance News slot editor
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