finnCap Group PLC Cancellation of share premium account (1778N)
January 15 2019 - 11:20AM
UK Regulatory
TIDMFCAP
RNS Number : 1778N
finnCap Group PLC
15 January 2019
15(th) January 2019
finnCap Group plc
Cancellation of share premium account
finnCap Group plc (AIM: FCAP) (the "Company") announces that
earlier today the High Court of Justice in England and Wales
confirmed the cancellation of the amount standing to the credit of
the Company's share premium account (the "Cancellation").
The Cancellation has occurred pursuant to the resolution of
shareholders of the Company passed on 27 November 2018 and in
accordance with the details outlined in the Company's admission
document dated 29 November 2018.
The effect of the Cancellation is to create distributable
reserves to support the Board's dividend policy. The Cancellation
has no effect on the net asset position of the Company or on the
issued share capital of the Company which consists of 168,230,089
ordinary shares of 1 pence each, as at 15 January 2019.
Contacts
finnCap Group plc Tel: +44 (0) 20 7220 0500
Sam Smith, Chief Executive Officer
investor.relations@finncap.com
Tom Hayward, Chief Financial Officer
Grant Thornton (Nominated Adviser) Tel: +44 (0) 20 7383 5100
Philip Secrett/Samantha Harrison/Seamus Fricker
finnCap Limited (Broker) Tel: +44 (0) 20 7220 0500
Rhys Williams
Sapience Communications (PR adviser to the Group) Tel: +44 (0) 20 3195 3240
Richard Morgan Evans
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END
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