Tawa PLC Reduction in Capital (2965D)

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RNS Number : 2965D

Tawa PLC

27 March 2014

Reduction of Capital

Tawa plc ("Tawa" or the "Company") is pleased to announce that, on 26 March 2014, the High Court approved a reduction of the Company's share capital. Today, the Company will submit a Form SH19 and a sealed copy of the court order to Companies House which will result in the cancellation of the Company's share premium account, the cancellation of 190,695 Tawa Existing Shares held in treasury and the reduction in nominal value of each Tawa Existing Ordinary Share from 10 pence to 2 pence per Ordinary Share.

Following the above, the Company will hold 317,857 shares in treasury (including the cancellation detailed above) and 113,184,482 shares remain in issue.

Enquiries:

 
 Gilles Erulin, Chief Executive, Tawa plc            020 7068 8000 
 Michael Gaughan, FWD                                020 7623 2368 
 Guy Wiehahn / Harry Florry, Peel Hunt (Nominated 
  Adviser and Broker)                                020 7418 8900

Further information can be found on the Company's website: www.tawaplc.co.uk.

This information is provided by RNS

The company news service from the London Stock Exchange

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