Share Capital Reduction Confirmation

Bonhill Group PLC

26 April 2023

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

26 April 2023

Bonhill Group plc

("Bonhill", the "Company" or the "Group")

Share Capital Reduction Confirmation

Bonhill Group plc, (AIM: BONH) announces that the cancellation of the amounts standing to the credit of its share premium account and the capitalisation of the amounts standing to the credit of the Company's Merger Reserve by way of the issuance of B ordinary shares in the capital of the Company and the cancellation of such B ordinary shares (together the 'Capital Reduction'), which were approved by shareholders at its general meeting held on 27 February 2023, have been sanctioned by the High Court of England and Wales (the 'High Court'). The effect of the Capital Reduction is to increase the Company's distributable reserves.

The order of the High Court confirming the Capital Reduction and the statement of capital approved by the High Court in connection with the same, will shortly be delivered to the Registrar of Companies. The Capital Reduction will become effective upon the registration of the Court order by the Registrar of Companies, which is expected to take place shortly following the delivery of the order and statement of capital.

The Company confirms that, following the Capital Reduction, the issued share capital of the Company remains at 119,288,687 ordinary shares of 1 penny each. The total number of voting rights in the Company therefore remains 119,288,687.

For further enquiries please contact:

Bonhill Group plc
Jonathan Glasspool, Non-executive Chairman  Sarah Thompson, Chief Financial Officer	[phone]
Shore Capital (Nominated Adviser and Broker)
Tom Griffiths/David Coaten/ Tom Knibbs	[phone]

 

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