finnCap Group PLC Cancellation of share premium account (1778N)

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

MSCLLFLRLDIELIA

(END) Dow Jones Newswires

January 15, 2019 11:20 ET (16:20 GMT)

Finncap (LSE:FCAP)
Historical Stock Chart
From Apr 2024 to May 2024