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LONDON - Mast Energy Developments PLC (LSE:MAST) has changed its name to Quantum Data Energy PLC, effective immediately following the issuance of a change of name certificate by Companies House on Monday.
The company announced that trading under the new name is expected to begin at 8:00 a.m. Tuesday on the London Stock Exchange. Despite the name change, the company's TIDM, ISIN, and SEDOL will remain unchanged, and existing share certificates will continue to be valid.
A new company website at a new domain is scheduled to go live before trading begins on Tuesday.
According to a press release statement, the rebranding reflects the company's strategic shift from being solely a UK-focused flexible generation operator to becoming a "modular, data-integrated power platform" that supports both the national grid and the AI datacenter sector.
Pieter Krügel, CEO of the company, stated that Quantum Data Energy plans to continue operating and expanding its existing power assets while implementing a new strategy aimed at delivering 1 GW of AI datacenter power campuses over the next 36 months.
The company noted that the announcement contains inside information as defined by the UK version of the Market Abuse Regulation.
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