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TNO Lyxor Index Fund- Lyxor Stoxx Europe 600 Technology Ucits Etf

99.25
1.77 (1.82%)
31 Jan 2025 - Closed
Delayed by 15 minutes
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

Share Premium Account

24/09/2003 8:00am

UK Regulatory


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

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