Cancellation of Share Premium Account

RNS Number : 3184Z

Amati AIM VCT PLC

13 September 2022

 

13 September 2022

Amati AIM VCT plc (the "Company")

Legal Entity Identifier: 213800HAEDBBK9RWCD25

Cancellation of Share Premium Account

The Company announces that earlier today the High Court of Justice confirmed the cancellation of the sum standing to the credit of the Company's share premium account (the "Reduction of Capital").  The Reduction of Capital will become effective on registration of the Court order at Companies House, which is expected to occur in the next few days.

The Reduction of Capital was approved by way of a special resolution passed by the shareholders of the Company at the annual general meeting held on 16 June 2022.

The purpose of the Reduction of Capital is to create distributable reserves which will improve the Company's distributable reserves position and will provide the Company with the flexibility to support, amongst other things, the buy-back of shares and the payment of dividends.

For further information, please contact the investor line at Amati Global Investors on 0131 503 9115 or by email at    [e-mail]  

 

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