United Terra Enterprises has effectively registered the company with a 51% investment from Eurybia Ltd. Shareholders of Eurybia express a strong interest in exchanging their shares for ownership in United Terra Enterprises.
Ruggell, Liechtenstein, September 1, 2023 – United Terra Enterprises PLC (the “Company”) is delighted to announce its progress toward the goal of transforming Eurybia Ltd., the oil producer in which it currently holds a 51% stake, into a wholly-owned subsidiary through a share exchange initiative. Registered shareholders of Eurybia are cordially invited to exchange their shares for shares of the Company on a one-to-one basis. The share exchange program is currently underway and has achieved notable success. To date, shareholders representing over 93% of Eurybia’s registered shares have entered into agreements to partake in the share exchange.
The Company’s intention is to finalize the share exchange through a capital increase. This will occur once all the requisite legal procedures for executing the exchange have been satisfied.