Business
Outcome of Court Hearing on Reduction of Capital
Outcome of Court Hearing on Reduction of Capital.
About this update from Breedon Group Plc
[{"type":"text","content":"\n\n6 June 2023\nLEI: 213800DQGNQE3X76WS92\nBREEDON GROUP PLC\n(the \"Company\")\nOutcome of Court Hearing on Reduction of Capital\nThe Company announces that the reduction of capital involving: (i) the reduction of the nominal value of the ordinary shares of £1.40 each in the capital of the Company to £0.01 each, (ii) the cancellation of the 14,286 subscription shares of £3.50 each in the capital of the Company, and (iii) the cancellation of the share premium account of the Company (the \"Capital Reduction\") was approved earlier today by the High Court of Justice of England and Wales (the \"Court\").\nDetails of the Capital Reduction were set out in the prospectus of the Company dated 11 May 2023.\nThe Court order approving the Capital Reduction and a statement of capital approved by the Court are expected to be registered by the Registrar of Companies no later than Tuesday 20 June 2023.\nThe Capital Reduction will not affect the number of ordinary shares in issue. Assuming that no further shares are issued prior to the Capital Reduction becoming effective, the issued share capital of the Company following the Capital Reduction is expected to consist of 338,901,668 ordinary shares of £0.01 each.\nEnquiries:\n\n\n\nBreedon Group plc\n\n\n+44 (0) 1332 694010\n\n\n\n\nRob Wood, Chief Executive Officer\n\n\n\n\n\n\n\nJames Brotherton, Chief Financial Officer\n\n\n\n\n\n\n\nLouise Turner-Smith, Head of Investor Relations\n\n\n+44 (0) 7860 911909\n\n\n\n\n \n\n\n\n\n\n\n\nMHP (Public relations adviser)\n\n\n+44 (0) 20 3128 8193\n\n\n\n\nReg Hoare, Rachel Farrington, Charles Hirst\n\n\[email protected]\n\n\n\n \n \n\n","length":4116,"tagName":"div"}]