Likewise Group PLC Capital Reduction Approved (2219D)

TIDMLIKE

RNS Number : 2219D

Likewise Group PLC

01 March 2022

1 March 2022

Likewise Group plc

("Likewise" or the "Group")

Capital Reduction Approved

Likewise Group plc (AIM:LIKE), the fast growing UK floor coverings distributor announces that the High Court of Justice in England and Wales has made an order confirming the reduction of the Company's share premium account (the "Capital Reduction") under section 648 of the Companies Act 2006. Details of the Capital Reduction were set out in the circular to shareholders dated 17 December 2021 and the proposal was approved by shareholders at a general meeting held on 10 January 2022. The order of the Court was filed with Companies House on 22 February 2022, and the Company has just been informed that the Capital Reduction became effective on 23 February 2022.

The Capital Reduction has been effected in order to create distributable reserves which may be used to facilitate the payment of future dividends.

For further information, please contact:

 
 Likewise Group plc                                   Tel: 0121 817 
  Tony Brewer, Chief Executive                         2900 
  Roy Povey, Chief Financial Officer 
 Zeus Capital Limited (Nominated Adviser & Joint      Tel: 0203 829 
  Broker)                                              5000 
  Jordan Warburton / David Foreman / James Edis 
  (Corporate Finance) 
  Dominic King (Corporate Broking) 
 Ravenscroft Consultancy & Listing Services Limited   Tel: 01481 
  (Joint Broker)                                       732746 
  Semelia Hamon (Corporate Finance) 
 Novella Communications (Financial PR)                Tel: 0203 151 
  Fergus Young / Tim Robertson                         7008

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

CARFLFIVVFILIIF

(END) Dow Jones Newswires

March 01, 2022 08:02 ET (13:02 GMT)

Likewise (LSE:LIKE)
Historical Stock Chart
From May 2024 to Jun 2024