Capital Reduction
September 21 2006 - 12:19PM
UK Regulatory
RNS Number:3083J
IDOX PLC
21 September 2006
IDOX PLC
21 September 2006
For immediate release
21 September 2006
IDOX plc
Court Approval of Share Capital Reduction
IDOX plc is pleased to announce that following shareholders' approval at the
Company's Annual General Meeting to reduce the share premium account ("Capital
Reduction"), the Company has received an order from the High Court confirming
the Capital Reduction which will take effect when it has been registered with
the Registrar of Companies. This has now been completed.
As a result of the Capital Reduction, the Company will have distributable
reserves of #8,211,000 subject to fulfilling certain undertakings made to the
Court. This gives the board the ability to propose dividends and also consider
share buy-backs should this be in the interests of shareholders.
For further information please contact:
Martin Brooks, Chairman and CEO, IDOX plc 0870 333 7101
John McNicol, Company Secretary, IDOX plc 0141 574 1935
Matthew Hall, Noble & Company Limited 020 7763 2200
This information is provided by RNS
The company news service from the London Stock Exchange
END
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