Portfolio

Company Announcements

Completion of Capital Reduction

Related Companies

By LSE RNS

RNS Number : 3629R
Redhall Group PLC
21 September 2017
 

For immediate release

 21 September 2017



 

Redhall Group plc

("Redhall" or the "Company")

 

Completion of Capital Reduction

 

 

Redhall (AIM: RHL), the high integrity manufacturing and services group, announces that, further to its regulatory news releases on 21 August 2017 and 5 September 2017, the Capital Reduction was approved yesterday by the  Court. The Court Order confirming the Capital Reduction, and a statement of capital approved by the Court, were then registered with the Registrar of Companies and, accordingly, the Capital Reduction is now effective.

 

The purpose of the Capital Reduction is to create distributable reserves, which will allow the Company to make dividend payments at an appropriate time in the future. It has been effected by cancelling the balance standing to the credit of the Share Premium Account and the cancellation of the Capital Reduction Shares issued to capitalise the Company's merger reserve.

 

There is no change in the number of the Company's Ordinary Shares in issue, or their nominal value, as a result of the Capital Reduction, which was described in the Circular sent to shareholders on 21 August 2017 and approved by shareholders at a General Meeting held on 5 September 2017.

 

 

Capitalised terms used herein have the same meanings as set out in the Circular, which is available at the Company's website (www.redhallgroup.co.uk).

 

 

Contact details:

 

Redhall Group plc

Tel: +44 (0) 1924 385 386

Phil Brierley, Chief Executive

Chris Kelly, Group Finance Director




Buchanan

Tel: +44 (0) 20 7466 5000

Mark Court, Sophie Cowles




GCA Altium, NOMAD


Tim Richardson, Simon Lord

Tel: +44 (0) 845 505 4343



WH Ireland, Broker


Adrian Hadden, Ed Allsopp

Tel: +44 (0) 20 7220 1666

 

 

 


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

Top of Page