Confirmation of capital reduction
Court confirms capital reduction creating £500m additional distributable reserves for future dividends and buybacks.
- Additional distributable reserves created £500,000,000
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FirstGroup plc (or the `Group') announces that the reduction of the Group's share premium account (the `Capital Reduction') approved by shareholders at the Group's Annual General Meeting held on 30 July 2026 (the `AGM') has today been confirmed by the Court of Session in Edinburgh, Scotland (the `Court').
The Capital Reduction will create additional distributable reserves of £500,000,000 for the Group, providing greater flexibility to support future dividends and share buybacks. The Capital Reduction will not affect the number of the Group's ordinary shares in issue or their nominal value, and the Capital Reduction itself does not impact the Group's cash position and net assets, nor will it require any repayment or distribution of capital by the Group.
Unless otherwise defined, capitalised terms used in this announcement have the meanings given to them in the Notice of AGM dated 26 June 2026.
The Court order will now be registered with the Registrar of Companies. Upon registration, the Capital Reduction will become effective.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.