Communisis PLC Confirmation of Reduction of Capital Exercise (2336R)

TIDMCMS

RNS Number : 2336R

Communisis PLC

07 December 2016

7 December 2016

Communisis plc

("Communisis" or the "Company")

Confirmation of Reduction of Capital Exercise

The Company is pleased to confirm that it has today received the confirmation of the High Court in London approving a reduction of the Company's capital ("Capital Reduction"), following receipt of shareholder approval at the general meeting on 9 November 2016.

The completion of the Capital Reduction has resulted in an increase in the distributable reserves of the Company of approximately GBP22.5m from the Company's merger reserve, capital redemption reserve and share premium account.

The increase in the Company's distributable reserves will support future dividend payments.

For further information please contact:

 
 Communisis plc       0207 224 3456 
 Andy Blundell / 
  Mark Stoner 
 
 FTI Consulting       0203 727 1000 
 Matt Dixon / Emma 
  Appleton 
 

About Communisis

Communisis is an integrated marketing services company, which improves the communication between brands and their customers. We create engaging content and deliver it across multiple customer touch-points; in digital, broadcast and print channels.

This information is provided by RNS

The company news service from the London Stock Exchange

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December 07, 2016 10:14 ET (15:14 GMT)