i3 Energy has announced that it has received creditor consents to proceed with a reduction in share capital to enable the payment of its maiden dividend.
In conjunction with consents provided by Baker Hughes GE in respect of a deferred payment arrangement, the company has agreed to i) pay Baker Hughes GE a maximum cash fee of £0.374M and ii) to reduce the exercise price of 5.277M warrants held by Baker Hughes GE to £0.0001/share.
17 May 2021
i3 Energy (I3E) - Creditor Approval to Pay Dividend and Arrangement with BHGE
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i3 Energy (I3E) - Creditor Approval to Pay Dividend and Arrangement with BHGE
i3 Energy Plc (I3E:LON) | 12.9 0.1 5.9% | Mkt Cap: 155.4m
- Published:
17 May 2021 -
Author:
Brendan Long -
Pages:
5
i3 Energy has announced that it has received creditor consents to proceed with a reduction in share capital to enable the payment of its maiden dividend.
In conjunction with consents provided by Baker Hughes GE in respect of a deferred payment arrangement, the company has agreed to i) pay Baker Hughes GE a maximum cash fee of £0.374M and ii) to reduce the exercise price of 5.277M warrants held by Baker Hughes GE to £0.0001/share.