Gordon Dadds Group PLC Reduction of share capital completed (1236C)

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                     [phone] 
 Newgate Communications            [phone] 
  Adam Lloyd                        Email: [e-mail] 
  James Ash 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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January 17, 2018 05:53 ET (10:53 GMT)