Capital Cancellation

RNS Number : 3471X
Real Good Food PLC
05 May 2016
 

Real Good Food plc

("the Company" or "Real Good Food")

Capital Cancellation

The Company is pleased to announce that the High Court has approved the cancellation of the balance standing to the credit of the Company's share premium account (the "Capital Cancellation"). As a consequence of the Capital Cancellation £71,271,555.22 standing to the credit of the Company's share premium account was cancelled. This will facilitate any share buyback or payment of dividends that the Board of the Company may in the future recommend by creating a reserve of an equivalent amount that, subject to certain creditor protection undertakings, will form part of a distributable reserve.

The Capital Cancellation has no effect on the overall net asset position of the Company.

The Capital Cancellation proposals were contained in the Company's shareholder circular dated 29 February 2016 and approved by shareholders at the Company's General Meeting on 24 March 2016. 

 

-ENDS-

 

Enquiries: 

Real Good Food plc

Tel: 020 3857 3900

Pieter Totté, Executive Chairman


David Newman, Finance Director


Andrew Brown, Marketing Director




finnCap Limited (Nomad and Joint Broker)

Tel: 020 7220 0500

Matt Goode


Grant Bergman




Daniel Stewart and Company Plc (Joint Broker)

Tel: 020 7776 6550

Martin Lampshire




Belvedere Communications (PR)

Tel: 020 3567 0510 

John West


Kim van Beeck


 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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