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Name | Symbol | Market | Type |
---|---|---|---|
Lyxor Index Fund- Lyxor Stoxx Europe 600 Technology Ucits Etf | BIT:TNO | Italy | Exchange Traded Fund |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.77 | 1.82% | 99.25 | 91.00 | 99.89 | 99.48 | 98.67 | 98.67 | 2,140 | 16:40:00 |
RNS Number:0872Q Tenon Group PLC 24 September 2003 Tenon Group PLC ("Tenon") Proposed Reduction of Share Premium Account and Amendment of Articles of Association The board of Tenon are sending a circular to Shareholders containing two proposals to be considered at an EGM on 21 October 2003. Copies of the circular will be posted to Shareholders today and are available, for collection only, from the Company Secretary, Tenon Group PLC, 66 Chiltern Street, London W1U 4GB. The proposal to reduce the share premium account will place Tenon in a position to pay dividends in the future when profits are earned and the Directors consider it appropriate. The Companies Act prohibits the payment of a dividend while there is a deficit on the profit and loss account. It is proposed to reduce the share premium account by #61,500,000 and use that sum to reduce or eliminate the deficit in the profit and loss account. The proposed reduction in the share premium account will not affect the Company's net assets in any way and will not have any impact on trading performance. Subject to the resolution being passed, the Company will apply to the High Court for its confirmation of the proposal. The capital reduction will only take effect on registration by the Registrar of Companies of the Court Order. This is currently expected to be on or about 13th November 2003, subject to the progress of the Court process. As announced on 6 July 2003 Tenon will change its accounting reference date from 31 December to 30 June. A change in the Articles is required to permit the report and accounts to be presented at any general meeting of the Company, as the accounts to 30 June 2004 will not be available for the next AGM, which must take place prior to 6 September 2004. It is intended to hold a general meeting in November or December 2004 at which the report and accounts will be presented. ENQUIRIES: Tenon Group Tel: 020 7535 5775 Andy Raynor, Chief Executive College Hill Tel: 020 7457 2020 Kate Pope KBC Peel Hunt Tel: 020 7418 8900 Adam Hart This information is provided by RNS The company news service from the London Stock Exchange END CIRNKNKQABKDCCB
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