RHL Redhall Group Plc

TIDMRHL

RNS Number : 8505P

Redhall Group PLC

05 September 2017

 
 For immediate release    5 September 2017 
 
 

Redhall Group plc

("Redhall" or the "Company")

Proposed Capital Reduction

Result of General Meeting

Redhall (AIM: RHL), the manufacturing and specialist services group, announces that the Resolution seeking Shareholder approval of the proposed reduction in the capital of the Company (the "Capital Reduction") was passed at the General Meeting held earlier today.

The Capital Reduction, as described in the Circular that was sent to shareholders on 21 August 2017 and which is available at the Company's website (www.redhallgroup.co.uk), remains subject to the Court's approval and an application will now be made to the Court in this regard.

A further announcement will be issued in due course.

The purpose of the Capital Reduction is to create distributable reserves, which will allow the Company to make dividend payments at an appropriate time in the future.

Capitalised terms used herein but not defined have the same meanings as set out in the Circular.

Contact details:

 
 Redhall Group plc                      Tel: +44 (0) 1924 
                                         385 386 
 Phil Brierley, Chief Executive 
  Chris Kelly, Group Finance Director 
 
 Buchanan                               Tel: +44 (0) 20 7466 
                                         5000 
 Mark Court, Sophie Cowles 
 
 GCA Altium, NOMAD 
 Tim Richardson, Simon Lord             Tel: +44 (0) 845 505 
                                         4343 
 
 WH Ireland, Broker 
 Adrian Hadden, Ed Allsopp              Tel: +44 (0) 20 7220 
                                         1666 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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