Confirmation of Reduction of Capital Exercise

RNS Number : 4875J

Ten Entertainment Group PLC

28 June 2017

 

28 June 2017

 Ten Entertainment Group plc

(the "Company") 

Confirmation of Reduction of Capital Exercise

The Company is pleased to confirm that it has today received the confirmation of the High Court in London approving a reduction of the Company's capital ("Capital Reduction"), following receipt of shareholder approval at the Company's general meeting on 7 June 2017. 

The completion of the Capital Reduction has resulted in an increase in the distributable reserves of the Company of approximately £38.2m from the Company's merger reserve.

The increase in the Company's distributable reserves will support future dividend payments.

For further information please contact:

Ten Entertainment Group plc              Alan Hand, Chief Executive Officer Mark Willis, Chief Financial Officer	via Instinctif Partners
Instinctif Partners Matthew Smallwood Guy Scarborough	020 7457 2020

 

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