Bonhill Group PLC Share Capital Reduction Confirmation (4362X)
April 26 2023 - 2:00AM
UK Regulatory
TIDMBONH
RNS Number : 4362X
Bonhill Group PLC
26 April 2023
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
26 April 2023
Bonhill Group plc
("Bonhill", the "Company" or the "Group")
Share Capital Reduction Confirmation
Bonhill Group plc, (AIM: BONH) announces that the cancellation
of the amounts standing to the credit of its share premium account
and the capitalisation of the amounts standing to the credit of the
Company's Merger Reserve by way of the issuance of B ordinary
shares in the capital of the Company and the cancellation of such B
ordinary shares (together the 'Capital Reduction'), which were
approved by shareholders at its general meeting held on 27 February
2023, have been sanctioned by the High Court of England and Wales
(the 'High Court'). The effect of the Capital Reduction is to
increase the Company's distributable reserves.
The order of the High Court confirming the Capital Reduction and
the statement of capital approved by the High Court in connection
with the same, will shortly be delivered to the Registrar of
Companies. The Capital Reduction will become effective upon the
registration of the Court order by the Registrar of Companies,
which is expected to take place shortly following the delivery of
the order and statement of capital.
The Company confirms that, following the Capital Reduction, the
issued share capital of the Company remains at 119,288,687 ordinary
shares of 1 penny each. The total number of voting rights in the
Company therefore remains 119,288,687.
For further enquiries please contact:
Bonhill Group plc
Jonathan Glasspool, Non-executive Chairman
Sarah Thompson, Chief Financial Officer +44 (0)20 7250 7963
Shore Capital (Nominated Adviser and Broker)
Tom Griffiths/David Coaten/ Tom Knibbs +44 (0)20 7408 4050
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END
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