Cancellation of share premium account

RNS Number : 1778N
finnCap Group PLC
15 January 2019
 

15th January 2019

 

 

finnCap Group plc

 

Cancellation of share premium account

 

finnCap Group plc (AIM: FCAP) (the "Company") announces that earlier today the High Court of Justice in England and Wales confirmed the cancellation of the amount standing to the credit of the Company's share premium account (the "Cancellation").

 

The Cancellation has occurred pursuant to the resolution of shareholders of the Company passed on 27 November 2018 and in accordance with the details outlined in the Company's admission document dated 29 November 2018.

 

The effect of the Cancellation is to create distributable reserves to support the Board's dividend policy. The Cancellation has no effect on the net asset position of the Company or on the issued share capital of the Company which consists of 168,230,089 ordinary shares of 1 pence each, as at 15 January 2019.

 

 

Contacts

finnCap Group plc                                                                       Tel: +44 (0) 20 7220 0500

Sam Smith, Chief Executive Officer                                          investor.relations@finncap.com

Tom Hayward, Chief Financial Officer

 

Grant Thornton (Nominated Adviser)                                    Tel: +44 (0) 20 7383 5100

Philip Secrett/Samantha Harrison/Seamus Fricker

 

finnCap Limited (Broker)                                                           Tel: +44 (0) 20 7220 0500

Rhys Williams

 

Sapience Communications (PR adviser to the Group)        Tel: +44 (0) 20 3195 3240

Richard Morgan Evans

 


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