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Codex Acquisitions PLC ( (GB:TNE) ) has provided an update.
Technologies New Energy PLC has announced an update on its acquisition of Diverfuel S.A., a transaction deemed a material related party transaction. The acquisition was conducted with Diverstock S.A., controlled by José Meneses, a director and significant shareholder of the company. The independent directors have confirmed the transaction as fair and reasonable, with Mr. Meneses recusing himself from deliberations to ensure compliance with governance standards. No consideration was payable for the share transfer, reflecting the company’s commitment to transparent corporate governance.
More about Codex Acquisitions PLC
Technologies New Energy PLC is an energy transition company focused on developing clean energy projects aimed at driving industrial decarbonisation.
Average Trading Volume: 3,444
Technical Sentiment Signal: Buy
Current Market Cap: £39.82M
Find detailed analytics on TNE stock on TipRanks’ Stock Analysis page.