Capital Reduction - Court Approval
Sosandar PLC announced that the Court approved the company's application for a Capital Reduction, specifically to cancel the amount in its share premium account. This decision was initially approved by Shareholders on September 18, 2025, as detailed in a circular sent on September 2, 2025. The Court order and statement of capital will be sent to the Registrar of Companies, with the Capital Reduction becoming effective upon registration. The completion of the Capital Reduction will not affect the rights of the Ordinary Shares, nor will it change the number of Ordinary Shares issued or their nominal value.
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Sosandar plc (AIM: SOS), the women's fashion brand, creating quality, trend-led products for women of all ages, announces that the Court has today approved the Company's application to cancel the amount standing to the credit of its share premium account ("Capital Reduction"), as also approved by Shareholders on 18 September 2025 and further details of which were set out in the Company's circular sent to Shareholders on 2 September 2025 ("Circular").
Completion of the Capital Reduction will not affect the rights attaching to the Ordinary Shares and will not result in any change to the number of Ordinary Shares in issue (or their nominal value).
Capitalised terms used in this announcement have the meaning given in the Circular unless the context requires otherwise or as otherwise defined herein. A copy of the Circular is available to view on the Company's website.
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