Business
Outcome of Court Hearing on Reduction of Capital
Auction Technology Group PLC has announced the successful outcome of its court hearing regarding a capital reduction, specifically the cancellation of its share premium account. This proposal, previously approved by shareholders on January 22, 2026, received formal approval from the High Court of Justice of England and Wales yesterday. The company will shortly submit the Court order and an associated statement of capital to the Registrar of Companies, at which point the capital reduction will officially become effective. Disclaimer*
About this update from Auction Technology Group Plc
[{"type":"text","content":"\n\n4 March 2026\nLEI: 213800U8Q9K2XI3WRE39\n \nAuction Technology Group plc\n(\"the Company\")\nOutcome of Court Hearing on Reduction of Capital\nThe Company announces that the proposed cancellation of the Company's share premium account (the \"Capital Reduction\"), details of which were set out in the Notice of Annual General Meeting published on 10 December 2025 and which was approved by shareholders on 22 January 2026, was approved yesterday by the High Court of Justice of England and Wales (the \"Court\").\nThe Court order approving the Capital Reduction and a statement of capital approved by the Court in connection therewith will be sent to the Registrar of Companies shortly. The Capital Reduction will become effective upon the registration of the Court order and associated statement of capital by the Registrar of Companies.\n \nFor further information contact:\nFTI Consulting (Media Enquiries)\nJamie Ricketts, Matt Dixon\n+44 20 3727 1999\n \nATG\n\n\n\n\nCompany Secretary\nFor investor enquiries \nFor media enquiries\n\n\[email protected]\[email protected]\[email protected]\n\n\n\n\n \n\n","length":2264,"tagName":"div"}]