Reduction of share capital completed

RNS Number : 1236C

Gordon Dadds Group PLC

17 January 2018

 

17 January 2018

Gordon Dadds Group plc

("Gordon Dadds" or the "Group")

Reduction of share capital completed

Gordon Dadds Group plc (AIM: GOR), the acquisitive London-based legal and professional services business, is pleased to announce that the share capital reduction and cancellation of the share premium account, approved by shareholders in August 2017, have been confirmed by the High Court of Justice in England and Wales and, following the lodging of that confirmation with the Registrar of Companies, are now effective.  Accordingly, the share premium account of Gordon Dadds has been cancelled and the deferred shares which arose on the capital reorganisation in August 2017 have been cancelled.

This leaves positive distributable reserves on Gordon Dadds' balance sheet from which dividends may be paid.  It continues to be the Directors' intention to declare a dividend in respect of the current financial year at the time of announcing the Group's final results for the year to 31 March 2018.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Gordon Dadds Group plc Adrian Biles, Chief Executive Officer Christopher Yates, Chief Financial Officer	Via Newgate
Arden Partners, Nominated Adviser and broker to the Company John Llewellyn-Lloyd Ciaran Walsh	[phone]
Newgate Communications Adam Lloyd James Ash	[phone] Email: [e-mail]

 

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