Share Capital Reduction Update
High Court confirms share capital reduction and cancellation of share premium account, effective 2 May 2024.
- Nominal value per ordinary share before reduction £0.10
- Nominal value per ordinary share after reduction £0.003
- Reduction per share £0.097
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Further to the announcement released by the Company on 1 March 2024, concerning the proposed share capital reduction and proposed cancellation of the share premium account, the Company confirms that on 30 April 2024, an order of the High Court of Justice, Chancery Division confirmed the reduction of the share capital in the Company and the cancellation of its share premium account, which was approved by a special resolution of the Company passed on 20 March 2024. As a result, following the share capital reduction becoming effective, which is expected to take place on 2 May 2024 when the order has been registered by the Registrar of Companies, the nominal amount of each ordinary share in issue in the Company of £0.10 will be reduced by £0.097 to £0.003.
The Directors of the Company accept responsibility for the content of this announcement.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.