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TEG Ten Entertainment Group Plc

411.00
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ten Entertainment Group Plc LSE:TEG London Ordinary Share GB00BF020D33 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 411.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Ten Entertainment Group PLC Confirmation of Reduction of Capital Exercise (4875J)

28/06/2017 5:30pm

UK Regulatory


Ten Entertainment (LSE:TEG)
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TIDMTEG

RNS Number : 4875J

Ten Entertainment Group PLC

28 June 2017

28 June 2017

Ten Entertainment Group plc

(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 Company's general meeting on 7 June 2017.

The completion of the Capital Reduction has resulted in an increase in the distributable reserves of the Company of approximately GBP38.2m from the Company's merger reserve.

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

For further information please contact:

 
 Ten Entertainment Group          via Instinctif Partners 
  plc 
  Alan Hand, Chief Executive 
  Officer 
  Mark Willis, Chief Financial 
  Officer 
 Instinctif Partners 
  Matthew Smallwood 
  Guy Scarborough                 020 7457 2020 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCOKFDBABKDBAB

(END) Dow Jones Newswires

June 28, 2017 12:30 ET (16:30 GMT)

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