Reduction of Capital

RNS Number : 6389A

Ascential PLC

08 June 2016

 

8 June 2016

Ascential plc

Reduction of Capital

As contemplated in the prospectus for the initial public offering of Ascential plc (the "Company") and pursuant to a resolution of the sole shareholder of the Company passed on 8 February 2016, the Company is pleased to announce that it has completed a reduction of its share capital, whereby (i) the entire amount standing to the credit of the Company's share premium account was cancelled, (ii) 876,266,690 deferred shares (which were issued by way of a bonus issue for the purpose of capitalising the Company's capital reserve) were cancelled, and (iii) the nominal value of each issued ordinary share in the capital of the Company was reduced from £0.10 to £0.01 each (the "Capital Reduction").

Following the Capital Reduction, as at 8 June 2016, the issued share capital of the Company consists of 400,542,500 ordinary shares of £0.01 each. The distributable reserves created by the Capital Reduction amount to £476,162,900.

For further information please contact:

FTI Consulting  LLP Matt Dixon / Ed Bridges / Chris Lane

020 3727 1000

About Ascential plc

Ascential plc is a leading international media company that informs and connects business professionals in 150 countries through market-leading Exhibitions & Festivals and Information Services.

Ascential powers the prestigious Cannes Lions festival for the branded communications industry, the world's premier payments and financial services congress Money20/20, Spring Fair/Autumn Fair, the global fashion trend forecasting service WGSN and environmental risk data business Groundsure. 23 of Ascential's 32 product lines are market-leading and occupy number one positions.

Ascential exists to provide customers with world class content and connections empowering their businesses to be the best informed and best connected. Our products enable focus, growth and value.

 

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