United Carpets Group plc Court confirmation of Capital Reduction (9355R)

TIDMUCG

RNS Number : 9355R

United Carpets Group plc

17 September 2014

United Carpets Group plc

Court confirmation of Capital Reduction

United Carpets Group plc ("the Group" or "the Company" or "United Carpets"), the second largest chain of specialist retail carpet and floor covering stores in the UK, is pleased to announce that the High Court has confirmed the reduction of the Company's issued share capital and cancellation of its share premium account.

Details of the Capital Reduction were set out in the circular to Shareholders dated 24 July 2014 and the proposal was approved by Shareholders at the General Meeting held on 20 August 2014.

The order and the statement of capital approved by the Court at a hearing in the High Court on 17 September 2014, were produced to the Registrar of Companies and registered today, making the capital reduction effective.

The Company confirms that, following the capital reduction, the total number of ordinary shares of 1p each in the capital of the Company in issue as at 17 September 2014 is 81,400,000 with each share carrying the right to one vote.

Enquiries:

 
 
 United Carpets Group plc 
  Paul Eyre, Chief Executive                             01709 732 
  Ian Bowness, Finance Director                                666 
 Novella Communications Ltd 
  Tim Robertson 
  Ben Heath                                          020 3151 7008 
 
 Cantor Fitzgerald Europe 
  Mark Percy / Catherine Leftley (Corporate 
  Finance) 
  David Banks / Paul Jewell (Corporate Broking)      020 7894 7000 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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