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Capital Reduction Effective

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RNS Number : 2163Y
RTC Group PLC
27 November 2014
 



27 November 2014

 

RTC Group plc

("RTC" or the "Company")

 

Capital Reduction Effective

 

RTC Group plc, the business services organisation focussing on white and blue collar recruitment providing temporary, permanent and contingent staff to a broad range of industries and clients in both domestic and international markets, announcesthat further to the announcement on 10 November 2014, the High Court of Justice (Chancery Division) sanctioned the Company's application to cancel and extinguish the Company's share premium account on 19 November 2014.

 

The order of the High Court confirming the reduction of the Company's share capital and the cancellation of its share premium account (the "Reduction") and the statement of capital approved by the High Court in connection therewith were registered by the Registrar of Companies on 27 November 2014, whereupon the Reduction became effective which enhances the Company's ability to make future distributions to shareholders.

 

The Company confirms that, following the Reduction, the total number of ordinary shares of 1p each  of RTC in issue as at 27 November 2014 remains unchanged at 13,511,626 shares.

 

 

 

 

Enquiries:

 

RTC Group plc

Bill Douie, Executive Chairman

Andy Pendlebury, CEO

Sarah Dye, Group Finance Director

Tel:  01332 861844



Allenby Capital Limited (Nominated Adviser and Broker)

Jeremy Porter

 

Tel  020 3328 5656

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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