TIDMSYS

RNS Number : 3027G

SysGroup PLC

04 August 2016

SysGroup plc

("SysGroup" or the "Company" or the "Group")

Capital Reduction Effective

SysGroup is pleased to announce that, further to its announcements on 15 June and 5 July 2016, the cancellation of the Company's share premium account has today became effective following registration of the court order confirming the capital reduction by the Registrar of Companies at Companies House.

As a result the paid up amount on each ordinary share has been reduced by GBP0.19 (19 pence) altering the nominal value of each ordinary share to GBP0.01 (1 penny). In addition, the Company now has positive distributable reserves and is therefore in a position to be able to pay dividends in future, should it be appropriate to do so.

For further information please contact:

 
 SysGroup plc                    Tel: 0151 559 
  Chris Evans, Chief Executive    1777 
 Shore Capital (Nomad            Tel: 020 7408 
  and Broker)                     4090 
  Bidhi Bhoma / Edward 
  Mansfield 
 Newgate Communications          Tel: 020 7653 
  Bob Huxford / Adam Lloyd        9848 
  / Ed Treadwell 
 

About SysGroup

SysGroup is a leading provider of Cloud Hosting, Managed Services and expert IT Consultancy. The Group delivers solutions that ensure clients understand and benefit from industry-leading technologies and advanced hosting capabilities. The SysGroup team focuses on a customer's strategic and operational requirements - enabling them to free up resources, grow their core business and avoid the distractions and complexity of delivering IT services.

The Group has offices in Liverpool, Coventry, London and East Sussex.

For more information, visit http://www.sysgroup.com

This information is provided by RNS

The company news service from the London Stock Exchange

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August 04, 2016 09:36 ET (13:36 GMT)