Share Name Share Symbol Market Type Share ISIN Share Description
Vivo Energy LSE:VVO London Ordinary Share GB00BDGT2M75 ORD USD0.50
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 138.00p 138.00p 141.00p - - - 0 08:07:54
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers - - - - 1,658.48

Vivo Energy PLC Capital Reorganisation

14/06/2018 2:00pm

UK Regulatory (RNS & others)


Vivo Energy (LSE:VVO)
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1 Month : From May 2018 to Jun 2018

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RNS Number : 4396R

Vivo Energy PLC

14 June 2018

14 June 2018

Vivo Energy plc

Reduction of Capital

As contemplated in the prospectus for the initial public offering of Vivo Energy plc (the "Company"), and pursuant to a special resolution of the shareholders of the Company passed on 3 May 2018, the Company announces that at a hearing in the High Court of Justice, Business and Property Courts of England and Wales on 12 June 2018, an order was given to confirm the reduction of the nominal value of the ordinary shares in the capital of the Company by US$1.00, from US$1.50 to US$0.50 (the "Reduction of Capital").

The order was produced to the Registrar of Companies and was registered on 13 June 2018, making the Reduction of Capital effective.

The Company confirms that following the Reduction of Capital, the number of issued shares and the rights attaching to those shares remain unchanged. Following the Reduction of Capital, as at 13 June 2018, the total number of ordinary shares of US$0.50 each of the Company is 1,201,798,866.

The purpose of the Reduction of Capital is to provide distributable reserves, which will allow the Company to make dividend payments at an appropriate time in the future. It has no effect on the net asset position of the Company.

For further information, please contact:

Vivo Energy plc

Rob Foyle, Head of Communications

+44 1234 904 037

rob.foyle@vivoenergy.com

Paul Waters, Head of Corporate Secretariat

+44 1234 904 029

paul.waters@vivoenergy.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

June 14, 2018 09:00 ET (13:00 GMT)

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