Filta Group Holdings PLC Reduction of Capital (5321U)
January 19 2017 - 2:00AM
UK Regulatory
TIDMFLTA
RNS Number : 5321U
Filta Group Holdings PLC
19 January 2017
Filta Group Holdings plc
("Filta" or the "Company")
Reduction of Capital
Filta announces that, as contemplated in its admission document
dated 27 October 2016, the Company has completed a reduction of
capital, whereby the entire amount standing to the credit of the
Company's share premium account has been cancelled to create
distributable reserves (the "Reduction of Capital").
The Reduction of Capital was formally approved by the High Court
of Justice, Chancery Division, and the High Court order was filed
with the Registrar of Companies on 18 January 2017.
Following the Reduction of Capital, the issued share capital of
the Company remains at 26,952,659 ordinary shares of GBP0.10 each.
The distributable reserves created by the Reduction of Capital and
after eliminating the previous deficit amounted to GBP3,078,825 as
at 30 November 2016 The purpose of the Reduction of Capital is to
create distributable reserves to support the Board's dividend
policy.
No new share certificates will be issued as a result of the
Reduction of Capital.
19 January 2017
Enquiries:
Filta Group Holdings plc
Jason Sayers Tel: 01788 550100
Cenkos Securities plc (NOMAD and Broker)
Bobbie Hilliam Tel: 020 7397 8900
Harry Pardoe
This information is provided by RNS
The company news service from the London Stock Exchange
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