RHL Redhall Group Plc

TIDMRHL

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

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September 21, 2017 02:01 ET (06:01 GMT)

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