Reliable African Energy N.V. Considers Delisting from Hamburg Stock Exchange

Reliable African Energy N.V. recently revealed that its Annual General Meeting has granted prior approval for a potential delisting from the Hamburg Stock Exchange. This decision follows the resolution of the Management Board, requiring approval from the Supervisory Board, and adheres to the Dutch Civil Code guidelines. The company emphasizes that this approval does not compel the Management Board to proceed with the delisting.

The company cites several reasons for contemplating delisting: limited share liquidity, minimal benefits of public trading, and recurring costs. Shareholders are advised to anticipate reduced liquidity and uncertain stock exchange pricing if delisting occurs. No buy-back of shares is foreseen, and shareholders are encouraged to seek independent advice regarding the implications.

Reliable African Energy will communicate further decisions regarding delisting to shareholders if the Management Board opts to advance this course of action.