Share Capital Reduction Effective
High Court sanctions capital reduction through cancellation of share premium account.
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XP Factory plc (AIM: XPF), one of the UK's pre-eminent experiential leisure businesses, is pleased to announce that, following the sanction by the High Court of Justice in England and Wales ("Court") of the cancellation of the amount standing to the credit of the Company's share premium account ("Capital Reduction") on 25 March 2025, the Capital Reduction has now become effective. This follows the order of the Court confirming the Capital Reduction, and a statement of capital approved by the Court, having been registered with the Registrar of Companies.
Details of the Capital Reduction were set out in the General Meeting Notice published by the Company on 14 February 2025 and the Capital Reduction was approved by shareholders at a general meeting of the Company held on 5 March 2025. The Capital Reduction itself does not involve any distribution or repayment of capital by the Company and does not change the total number of shares issued by the Company.
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