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Share Name Share Symbol Market Type Share ISIN Share Description
Kistos Holdings Plc LSE:KIST London Ordinary Share GB00BP7NQJ77 ORD GBP0.10
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.50 -0.4% 375.00 370.00 380.00 377.50 373.25 377.50 26,329 09:37:06
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers - - - - 311

Kistos PLC Capital Reduction Update

10/10/2022 5:58pm

UK Regulatory (RNS & others)


Kistos (LSE:KIST)
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TIDMKIST

RNS Number : 3987C

Kistos PLC

10 October 2022

10 October 2022

Kistos plc

("Kistos" or "Company")

Capital Reduction Update

Further to the publication on 10 May 2022 of the Notice of Annual General Meeting (the "Notice"), and the passing of all the required Resolutions at the Annual General Meeting of the Company on 9 June 2022, the Company announces that the final hearing in the Court process to convert its Euro 14,734,000 merger reserve into a distributable reserve is expected to be held on 11 October 2022 (the "Court Hearing").

As described in the Notice, an issue of bonus shares, each having a nominal value to be determined as at the date of the Bonus Issue (each a "Capital Reduction Share"), shall occur on the evening of 10 October 2022 (being the day before the Court Hearing). Accordingly, the record time for the bonus issue shall be 6.00 p.m. on 10 October 2022 (the "Record Time"). The nominal value of each Capital Reduction Share shall be determined as described in the Notice.

One Capital Reduction Share shall be issued for each ordinary share of 10p in issue as at the Record Time. In addition, and as described in the Notice, the Capital Reduction Shares will not be admitted to trading on AIM or to trading on any regulated market. No share certificates will be issued in respect of the Capital Reduction Shares. The Capital Reduction Shares will have extremely limited rights. In particular, the Capital Reduction Shares will carry no rights to vote, no rights to participate in the profits of the Company and no rights to participate in the Company's assets save on a winding-up. The Capital Reduction Shares will be transferable, but it is not expected that any market in them will develop and it is anticipated that the Court will confirm their cancellation at the Court Hearing on the day immediately after the date on which they have been issued.

The Company will announce the outcome of the Court Hearing on 12 October 2022. F ull details of the Capital Reduction are set out in the notice of AGM which was sent to Shareholders. The notice of AGM is also available for inspection on the Kistos website, https://kistosplc.com/ .

Enquiries:

 
 
 Kistos plc 
  Andrew Austin, Executive Chairman (c/o Hawthorn       Tel: +44 (0)20 
  Advisors)                                             3745 4960 
 Panmure Gordon (Nomad, Joint Broker) 
  John Prior / James Sinclair-Ford                      Tel: +44 ( 0)20 
                                                        7886 2500 
 Berenberg (Joint Broker) 
 Matthew Armitt / Ciaran Walsh                        Tel: +44 (0)20 
                                                       3207 7800 
 Hawthorn Advisors (Public Relations Advisor)         Tel: +44 (0) 20 
  Henry Lerwill / Simon Woods                          3745 4960 
 Camarco (Public Relations Advisor) 
  Billy Clegg / G eorgia Edmonds                        Tel: +44 (0)20 
                                                        3757 4983 
 
 
 

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END

CARFLFVRIALILIF

(END) Dow Jones Newswires

October 10, 2022 12:58 ET (16:58 GMT)

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