Reduction of share premium account

RNS Number : 8185P

Restore PLC

07 October 2011

 



7 October 2011

Restore plc

Reduction of share premium account and creation of distributable reserves

Restore plc ("Restore" or "the Company") is pleased to announce that the reduction of its share premium account, as described in the circular sent to shareholders on 14 July 2011,has been confirmed by the High Court of Justice and became effective upon registration by the Registrar of Companies on 7 October 2011.

As a result, Restore expects soon to have unaudited consolidated distributable reserves of approximately £14.3 million, based on its unaudited half yearly financial report for the six months ended 30 June 2011, issued on 14 September 2011.

The Board reaffirms its commitment to declaring a maiden dividend in due course and to follow a progressive dividend policy thereafter.

For further information, please contact:

Restore plc

Charles Skinner, Chief Executive                       07966 234 075

Harvey Samson, Group Finance Director          07836 658 448

Cenkos

Nick Wells                                                           020 7397 8920

Elizabeth Bowman                                              020 7397 8928

FTI Consulting (formerly Financial Dynamics)

Nick Hasell                                                           020 7269 7291

Sophie Moate

 

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