Share Capital Reduction

RNS Number : 3935O

Literacy Capital PLC

07 October 2021

 

The information contained in this announcement is restricted and is not for publication, release or distribution in the United States of America, any member state of the European Economic Area, Canada, Australia, Japan or the Republic of South Africa.

7 October 2021

Literacy Capital plc ("Literacy" or the "Company")

Share Capital Reduction

The Company announces that the cancellation of its share premium account (the "Capital Reduction"), which was approved by shareholders on 15 June 2021, was sanctioned by the High Court of England and Wales on 5 October 2021. The effect of the Capital Reduction is to create distributable reserves. The order of the High Court confirming the Capital Reduction, and the statement of capital approved by the High Court in connection therewith, were delivered to the Registrar of Companies today. 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.

The Company confirms that, following the Capital Reduction, the issued share capital of the Company remains at 60,000,000 ordinary shares of £0.001 each and 49,950,000 deferred shares of £0.001 each; there are no shares held in treasury. The total number of voting rights in the Company also remains at 60,000,000.

-ENDS-

For further information, please contact:

Literacy Capital plc / Literacy Capital Asset Management LLP:

Richard Pindar / Tom Vernon

[phone]

Singer Capital Markets Securities Limited:

 Robert Peel / Amanda Gray

 [phone]

LEI: 2549006P3DFN5HLFGR54

A copy of this announcement will be available on the Company's website at https://www.literacycapital.com/. Neither the content of the Company's website, nor the content on any website accessible from hyperlinks on its website for any other website, is incorporated into, or forms part of, this announcement nor, unless previously published by means of a recognised information service, should any such content be relied upon in reaching a decision as to whether or not to acquire, continue to hold, or dispose of, securities in the Company.

 

END

 

 

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