Capital Reduction
Capital reduction creating £500m distributable reserves approved by shareholders and Court, effective 30 September 2026.
- Distributable reserves created £500,000,000
Select text to share a quote on X · sign in to keep highlights & notes in your FGP notes
Further to the announcement made on 21 September 2026 regarding the reduction of its share premium account, FirstGroup PLC ("FirstGroup" or the "Group") announces that the Capital Reduction, approved by shareholders at the Annual General Meeting held on 30 July 2026 (the `AGM') and confirmed by the Court of Session in Edinburgh, Scotland on 18 September 2026, was formally registered at Companies House, and therefore became effective, on 30 September 2026.
As previously announced, the Capital Reduction creates additional distributable reserves of £500,000,000 for the Group, providing greater flexibility to support future dividends and share buybacks. The Capital Reduction does 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.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.