SVG Capital PLC Miscellaneous Reduction of Capital (2660Y)

TIDMSVI

RNS Number : 2660Y

SVG Capital PLC

02 March 2017

SVG Capital plc (the "Company")

2 March 2017

Reduction of Capital

The Company announces that, as contemplated by the shareholder circular dated 23 January 2017 and pursuant to a shareholders resolution of the Company passed on 9 February 2017, the High Court of Justice of England and Wales (the "Court") approved the Company's reduction of capital at a hearing held on 1 March.

The Court Order approving the reduction of capital has today been registered with the Registrar of Companies and accordingly the reduction of capital has now become effective.

The reduction of capital involves:

(A) the amount standing to the credit of the share premium account of the Company being cancelled and extinguished;

(B) the amount standing to the credit of the capital redemption reserve of the Company being cancelled and extinguished; and

(C) the share capital of the Company being reduced by cancelling and extinguishing GBP0.90 from each issued ordinary share of GBP1.00 with the nominal value of each issued ordinary share reducing from GBP1.00 to GBP0.10.

Therefore, the Company's total issued share capital now comprises 65,445,000 ordinary shares of GBP0.10 each.

It is expected that the Official List of the UK Listing Authority will be updated to reflect the change in the nominal value of the Company's ordinary shares on 3 March 2017.

No new share certificates will be issued as a result of the reduction of capital.

For further information please contact:

SVG Capital plc

Stuart Ballard: 020 3457 0090

This information is provided by RNS

The company news service from the London Stock Exchange

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March 02, 2017 12:00 ET (17:00 GMT)