Court confirmation of Capital Reduction

RNS Number : 6101A

Ebiquity PLC

08 June 2016

 

Ebiquity plc

("Ebiquity" or the "Company")

Court confirmation of Capital Reduction

Ebiquity announced on 30 March 2016 that it intended to seek a cancellation of its share premium account (the "Capital Reduction") in order to create distributable reserves to enable the Company to continue to pay dividends to its shareholders.

Ebiquity is pleased to announce that, following shareholder approval being granted on 11 May 2016, the High Court of Justice has today made an order confirming the Capital Reduction. 

It is anticipated that the Capital Reduction will become effective on 9 June 2016 following registration of the Court order by the Registrar of Companies. 

A further announcement will be made in due course.

8 June 2016

ENQUIRIES:

Ebiquity	020 7650 9600
Michael Karg, CEO Andrew Beach, CFOO
Instinctif Partners	020 7457 2020
Guy Scarborough Matthew Smallwood
Numis Securities	020 7260 1000
Nick Westlake, Oliver Hardy (NOMAD) Toby Adcock (Corporate Broker)

 

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