Gordon Dadds Group PLC Reduction of share capital completed (1236C)
January 17 2018 - 5:53AM
UK Regulatory
TIDMGOR
RNS Number : 1236C
Gordon Dadds Group PLC
17 January 2018
17 January 2018
Gordon Dadds Group plc
("Gordon Dadds" or the "Group")
Reduction of share capital completed
Gordon Dadds Group plc (AIM: GOR), the acquisitive London-based
legal and professional services business, is pleased to announce
that the share capital reduction and cancellation of the share
premium account, approved by shareholders in August 2017, have been
confirmed by the High Court of Justice in England and Wales and,
following the lodging of that confirmation with the Registrar of
Companies, are now effective. Accordingly, the share premium
account of Gordon Dadds has been cancelled and the deferred shares
which arose on the capital reorganisation in August 2017 have been
cancelled.
This leaves positive distributable reserves on Gordon Dadds'
balance sheet from which dividends may be paid. It continues to be
the Directors' intention to declare a dividend in respect of the
current financial year at the time of announcing the Group's final
results for the year to 31 March 2018.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Gordon Dadds Group plc Via Newgate
Adrian Biles, Chief Executive
Officer
Christopher Yates, Chief
Financial Officer
Arden Partners, Nominated
Adviser and broker to
the Company
John Llewellyn-Lloyd
Ciaran Walsh +44 (0) 20 7614 5900
Newgate Communications +44 (0) 20 7680 6550
Adam Lloyd Email: gordondadds@newgatecomms.com
James Ash
This information is provided by RNS
The company news service from the London Stock Exchange
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