Capital Reduction Effective

RNS Number : 3027G

SysGroup PLC

04 August 2016

 

SysGroup plc

("SysGroup" or the "Company" or the "Group")

Capital Reduction Effective

SysGroup is pleased to announce that, further to its announcements on 15 June and 5 July 2016, the cancellation of the Company's share premium account has today became effective following registration of the court order confirming the capital reduction by the Registrar of Companies at Companies House.

As a result the paid up amount on each ordinary share has been reduced by £0.19 (19 pence) altering the nominal value of each ordinary share to £0.01 (1 penny). In addition, the Company now has positive distributable reserves and is therefore in a position to be able to pay dividends in future, should it be appropriate to do so.

For further information please contact:

SysGroup plc Chris Evans, Chief Executive	Tel: [phone]
Shore Capital (Nomad and Broker) Bidhi Bhoma / Edward Mansfield	Tel: [phone]
Newgate Communications Bob Huxford / Adam Lloyd / Ed Treadwell	Tel: [phone]

About SysGroup

SysGroup is a leading provider of Cloud Hosting, Managed Services and expert IT Consultancy. The Group delivers solutions that ensure clients understand and benefit from industry-leading technologies and advanced hosting capabilities.  The SysGroup team focuses on a customer's strategic and operational requirements - enabling them to free up resources, grow their core business and avoid the distractions and complexity of delivering IT services.

The Group has offices in Liverpool, Coventry, London and East Sussex.

For more information, visit http://www.sysgroup.com

 

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