Next Monday Kistos Holdings (LON:KIST) will be holding a ‘virtual’ Annual General Meeting, not just to consider the group’s progress in its 2024 Trading Year, but also to approve a Capital Reduction.
If approved that would have the effect of creating distributable reserves and provide the company with the ability and flexibility to return capital to its shareholders in future.
That is, of course, good news for its investors but nowhere near as appealing as the group’s potential for its 10% interest in the Balder Field in the North Sea.
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Yesterday the company not...