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Triangle Energy Spins Out Philippines Assets in $2.1M Capital Reduction
12:52pm on Tuesday 24th of March, 2026 AEDT
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Triangle Energy Spins Out Philippines Assets in $2.1M Capital Reduction
12:52pm on Tuesday 24th of March, 2026 AEDT
Key Points
Capital reduction by in specie distribution of 19.7 million Tetragon shares
Spin-out of Philippines Projects (SC-80, SC-81, SC-82) into Tetragon Energy Limited
Approximate ratio of 1 Tetragon share for every 113 Triangle shares held
Reduction of Triangle’s assets and net assets by about $2.1 million
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