Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) is to give shareholders a choice as it rolls out a US$43 million capital return programme – they can either receive a dividend or sell their shares back to DEC via a tender offer.
The overall US$43 million pot is equivalent to the total dividends paid for the third quarter.
Poolbeg Pharma PLC (AIM:POLB, OTCQB:POLBF) has announced that co-founder Cathal Friel is stepping from non-executive to exective chairman, giving him a hands-on role with fast-growing orphan drug developer.
Friel's extensive experience in public companies and a successful track record of value creation are expected to significantly benefit Poolbeg.
Tower Resources PLC (AIM:TRP) told investors it has agreed to repay its outstanding balance to Energy Exploration Capital Partners LLC (EECP), and is raising additional capital through a £600,000 share subscription.
It will issue around 3.33 billion new shares, priced at 0.018p each. The equity issue is being arranged by the company's broker, Axis Capital Markets.
Quadrise PLC (AIM:QED) has hailed a new 'tripartite' agreement that brings a company called Energy Group into a project developing new green marine fuels.
Euthenia, an industrial conglomerate focused on the development, financing, and operation of renewable brings its expertise in low carbon economy transition.
Ariana Resources has completed due diligence on the 1.3Moz Dokwe gold project in Zimbabwe owned by Rockover.
For the due diligence programme, Ariana carried out 1,222m of diamond drilling with two holes at Dokwe North and two holes drilled at Dokwe Central.