Redhall Group PLC Completion of Capital Reduction (3629R)
September 21 2017 - 2:01AM
UK Regulatory
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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