Stadium Group PLC Confirmation of Capital Reduction (0003X)

TIDMSDM

RNS Number : 0003X

Stadium Group PLC

15 February 2017

Stadium Group plc

("Stadium" or the "Company")

Confirmation of Capital Reduction

Stadium (AIM: SDM), a leading supplier of wireless solutions, power supplies and electronic assemblies, announces that on 15 February 2017 the Court granted an order approving the reduction of the Company's share premium account (the "Capital Reduction"), as approved by shareholders on 19 January 2017. The Company has filed this order with the Registrar of Companies and it is therefore now effective as at 15 February 2017. The purpose of the Capital Reduction is to create additional distributable reserves which will provide the Company with further flexibility in relation to the payment of future dividends.

Further details of the Capital Reduction can be found in the circular dated 3 January 2017 which is available free of charge from the Company's website: http://www.stadiumgroupplc.com/investors/regulatory-news/reports-results/.

For further information please contact:

 
Stadium Group plc                             www.stadiumgroupplc.com 
Charlie Peppiatt, Chief                            Tel: [phone] 
 Executive Officer 
Andrew Tonks, Interim 
 Finance Director 
 
Walbrook PR              Tel: [phone] or [e-mail] 
Paul McManus                                       Mob: [phone] 
Helen Cresswell                                    Mob: [phone] 
 
N+1 Singer                                         Tel: [phone] 
Richard Lindley 
James White 
 

About Stadium Group plc (www.stadiumgroupplc.com)

Stadium Group plc is a leading supplier of wireless solutions, power supplies and electronic assemblies with design and manufacturing operations in Europe and Asia. The Company consists of two divisions:

   1.    Technology Products (57% of H1 2016 revenues) 

-- Wireless solutions - design, integration and manufacture of "machine-to-machine" ("M2M") and "Internet of Things" ("IoT") wireless solutions

-- Power Supplies (including Stontronics) - custom and standard power product solutions from 1W to 10kW

   --     Human Machine Interface - intelligent "HMI" integrated solutions 

2. Electronic Assembly (43% of H1 2016 revenues) - previously known as Electronic Manufacturing Services

   --     Electronic manufacturing services to global original equipment manufacturers 

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCTAMATMBBBBAR

(END) Dow Jones Newswires

February 15, 2017 10:18 ET (15:18 GMT)