Capital Reduction - Result of Court Hearing

RNS Number : 2510V

AssetCo PLC

05 August 2020

 

5 August 2020

AssetCo plc

("AssetCo" or the "Company")

Providers of management and resources to the fire and emergency services in the Middle East

 

Capital Reduction - Result of Court Hearing

AssetCo is pleased to announce that the Capital Reduction was confirmed by the Court at a hearing yesterday in the terms proposed by the Board in the Circular to Shareholders dated 10 June 2020.

The Capital Reduction will take effect upon the Order of the Court (the "Order") being lodged with, and registered by, the Registrar of Companies ("Registrar").  Due to the ongoing disruption caused by the pandemic it is anticipated that there may be a short delay in the Order being registered by the Registrar.

Unless the context requires otherwise, defined terms used in this announcement shall have the meanings given to them in the Circular dated 10 June 2020.

A copy of the Circular is available on the Company's website at www.assetco.com.

Enquiries: AssetCo plc Tudor Davies, Chairman Tel: [phone]   [phone]

Arden Partners plc Nominated adviser and broker John Llewellyn-Lloyd/ Ciaran Walsh Tel: [phone]

Tooley Street Communications Fiona Tooley Email:  [e-mail] Mobile: [phone]

 

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