United Terra Enterprises PLC held its shareholders’ meeting which resulted in a share capital increase by contribution in kind and the election of the Board of Directors and management.
The capital increase was based on an expert report of BDO (Liechtenstein) AG and after the completion of the capital increase, the Company will have a share capital of CHF16,476,796.68 divided into 137,306,639 shares.
The Company intends to complete the share exchange for the remaining shareholders who elect to do so through an additional capital increase through the Board of Directors, which was approved at the General Meeting and will take place in the coming weeks.
Additionally, the Board of Directors and management were elected at the General Meeting and details of their election will follow in a subsequent press release.
The Company’s Chairman, Hans-Peter Vogt said: “We are happy with the progress that has been made to date, specifically with the formation of the Company, the appointment of the Board of Directors and management and the high participation rate among the shareholders of Eurybia AG in the share exchange. We note that previously unregistered shares have become registered and take that as a positive sign that more shareholders of Eurybia AG are preparing to participate in the share exchange.”
If you would like additional information, contact the Company either via email [email protected] or by telephone at +423 236 40 10.
The issuer is solely responsible for the content of this announcement.
About United Terra Enterprises PLC
United Terra Enterprises is an international energy company engaged in the upstream oil and gas sector and the energy transition to renewable energy. The company is focused on establishing a responsible balance between conventional energy sources and the protection of the environment.