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Filta Group Holdings (FLTA)

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Thursday 19 January, 2017

Filta Group Holdings

Reduction of Capital

RNS Number : 5321U
Filta Group Holdings PLC
19 January 2017
 

Filta Group Holdings plc

("Filta" or the "Company")

Reduction of Capital

Filta announces that, as contemplated in its admission document dated 27 October 2016, the Company has completed a reduction of capital, whereby the entire amount standing to the credit of the Company's share premium account has been cancelled to create distributable reserves (the "Reduction of Capital").

The Reduction of Capital was formally approved by the High Court of Justice, Chancery Division, and the High Court order was filed with the Registrar of Companies on 18 January 2017.

Following the Reduction of Capital, the issued share capital of the Company remains at 26,952,659 ordinary shares of £0.10 each. The distributable reserves created by the Reduction of Capital and after eliminating the previous deficit amounted to £3,078,825 as at 30 November 2016 The purpose of the Reduction of Capital is to create distributable reserves to support the Board's dividend policy.

No new share certificates will be issued as a result of the Reduction of Capital.

19 January 2017

 

Enquiries:

 

Filta Group Holdings plc

Jason Sayers                                                                         Tel: 01788 550100

 

Cenkos Securities plc (NOMAD and Broker)

Bobbie Hilliam                                                                     Tel: 020 7397 8900 

Harry Pardoe


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