TIDMRSB
RNS Number : 4916Y
Rensburg AIM VCT Plc
03 September 2009
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RENSBURG AIM VCT PLC (the "Company")
Capital Reduction
Following the Company's Annual General Meeting on 22 July 2009, at which
shareholders approved resolution ten relating to the cancellation of the
Company's share premium account ("the Capital Reduction"), the Company announces
that the Capital Reduction was approved by the High Court on 19 August 2009. A
copy of the order of the High Court confirming the Capital Reduction has since
been registered by the UK Registrar of Companies and the Capital Reduction has
now become effective.
As a result of the Capital Reduction, the non distributable share premium
account of GBP7,035,000 has been cancelled, thereby creating a distributable
reserve which may be used in the future to satisfy any dividends declared and/or
purchase of own shares for cancellation.
The net assets of the Company have not altered as a consequence of the Capital
Reduction. The authorised share capital of the Company remains unchanged at
GBP3,000,000 divided into 60,000,000 ordinary shares of 5 pence each. The issued
share capital also remains unchanged at 40,768,349 ordinary shares with voting
rights.
Paul Rooke
Company Secretary
0114 275 5100
Ends
This information is provided by RNS
The company news service from the London Stock Exchange
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