RTC Rtc Group Plc

TIDMRTC

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                                    Tel: 01332 861844 
  Bill Douie, Executive Chairman 
  Andy Pendlebury, CEO 
  Sarah Dye, Group Finance Director 
 
 Allenby Capital Limited (Nominated Adviser and   Tel 020 3328 
  Broker)                                          5656 
  Jeremy Porter 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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