Literacy Capital PLC Share Capital Reduction (3935O)
October 07 2021 - 11:41AM
UK Regulatory
TIDMBOOK
RNS Number : 3935O
Literacy Capital PLC
07 October 2021
The information contained in this announcement is restricted and
is not for publication, release or distribution in the United
States of America, any member state of the European Economic Area,
Canada, Australia, Japan or the Republic of South Africa.
7 October 2021
Literacy Capital plc ("Literacy" or the "Company")
Share Capital Reduction
The Company announces that the cancellation of its share premium
account (the "Capital Reduction"), which was approved by
shareholders on 15 June 2021, was sanctioned by the High Court of
England and Wales on 5 October 2021. The effect of the Capital
Reduction is to create distributable reserves. The order of the
High Court confirming the Capital Reduction, and the statement of
capital approved by the High Court in connection therewith, were
delivered to the Registrar of Companies today. The Capital
Reduction will become effective upon the registration of the Court
order by the Registrar of Companies, which is expected to take
place shortly.
The Company confirms that, following the Capital Reduction, the
issued share capital of the Company remains at 60,000,000 ordinary
shares of GBP0.001 each and 49,950,000 deferred shares of GBP0.001
each; there are no shares held in treasury. The total number of
voting rights in the Company also remains at 60,000,000.
-ENDS-
For further information, please contact:
Literacy Capital plc / Literacy Capital Asset Management
LLP:
Richard Pindar / Tom Vernon
+44 (0) 20 3960 0280
Singer Capital Markets Securities Limited:
Robert Peel / Amanda Gray
+44 (0) 20 7496 3000
LEI: 2549006P3DFN5HLFGR54
A copy of this announcement will be available on the Company's
website at https://www.literacycapital.com/. Neither the content of
the Company's website, nor the content on any website accessible
from hyperlinks on its website for any other website, is
incorporated into, or forms part of, this announcement nor, unless
previously published by means of a recognised information service,
should any such content be relied upon in reaching a decision as to
whether or not to acquire, continue to hold, or dispose of,
securities in the Company.
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END
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