Global Ports Holding PLC Reduction of Capital (9685K)
July 13 2017 - 4:24AM
UK Regulatory
TIDMGPH
RNS Number : 9685K
Global Ports Holding PLC
13 July 2017
13 July 2017
Global Ports Holding PLC ("GPH")
Reduction of Capital
Global Ports Holding PLC ("GPH") announces that the reduction of
capital and cancellation of the share premium account described in
the prospectus issued by GPH on 2 May 2017 (the "Reduction of
Capital") has been approved by the High Court of Justice of England
and Wales (the "Court") on 12 July 2017.
The Court Order approving the Reduction of Capital has been
registered with the Registrar of Companies on 12 July 2017 and
accordingly the Reduction of Capital has become effective. The
nominal value of each of the ordinary shares in the capital of GPH
(the "GPH Shares") has been reduced from GBP5.00 to GBP0.01,
whereas the total equity of GPH remains unchanged, and the
Reduction of Capital has created distributable reserves of
approximately GBP332.3 million for GPH.
The Reduction of Capital is a legal and accounting adjustment
and is not expected to have any direct impact on the market value
of the GPH Shares.
For further information, please contact:
Global Ports Holding PLC
Asli Su Ata, Head of Investor Relations
Ismail Ozer, Investor Relations Analyst
Telephone: +90 212 244 60 00
Email: investor@globalportsholding.com
Barclays Bank PLC
Phil Shelley
+ 44 (0) 20 3134 1475
Stuart Jempson
+ 44 (0) 20 7773 2088
Shore Capital
Dru Danford
Patrick Castle
Connor Williams
+44 (0) 20 7408 4090
This information is provided by RNS
The company news service from the London Stock Exchange
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