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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Redhall Group Plc | LSE:RHL | London | Ordinary Share | GB0001112035 | ORD 0.01P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.60 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
TIDMRHL
RNS Number : 3629R
Redhall Group PLC
21 September 2017
For immediate release 21 September 2017
Redhall Group plc
("Redhall" or the "Company")
Completion of Capital Reduction
Redhall (AIM: RHL), the high integrity manufacturing and services group, announces that, further to its regulatory news releases on 21 August 2017 and 5 September 2017, the Capital Reduction was approved yesterday by the Court. The Court Order confirming the Capital Reduction, and a statement of capital approved by the Court, were then registered with the Registrar of Companies and, accordingly, the Capital Reduction is now effective.
The purpose of the Capital Reduction is to create distributable reserves, which will allow the Company to make dividend payments at an appropriate time in the future. It has been effected by cancelling the balance standing to the credit of the Share Premium Account and the cancellation of the Capital Reduction Shares issued to capitalise the Company's merger reserve.
There is no change in the number of the Company's Ordinary Shares in issue, or their nominal value, as a result of the Capital Reduction, which was described in the Circular sent to shareholders on 21 August 2017 and approved by shareholders at a General Meeting held on 5 September 2017.
Capitalised terms used herein have the same meanings as set out in the Circular, which is available at the Company's website (www.redhallgroup.co.uk).
Contact details:
Hot Features
Premium
Redhall Group plc Tel: +44 (0) 1924
385 386
Phil Brierley, Chief Executive
Chris Kelly, Group Finance Director
Buchanan Tel: +44 (0) 20 7466
5000
Mark Court, Sophie Cowles
GCA Altium, NOMAD
Tim Richardson, Simon Lord Tel: +44 (0) 845 505
4343
WH Ireland, Broker
Adrian Hadden, Ed Allsopp Tel: +44 (0) 20 7220
1666
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCPGUGCBUPMPUU
(END) Dow Jones Newswires
September 21, 2017 02:01 ET (06:01 GMT)
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