Business
Reduction of Share Premium
Reduction of Share Premium.
About this update from Caledonian Holdings Plc.
[{"type":"text","content":"\n \nRNS Number : 6320K Vela Technologies PLC 31 July 2013 \n \n\nVELA TECHNOLOGIES PLC\n(\"Vela Technologies\" or the \"Company\")\n \nReduction of Share Premium\n \nThe Company announces that following the General Meeting held on 11 July 2013, the Capital Reduction was confirmed at the final Court hearing which took place on 31 July 2013. The Capital Reduction which requires registration at Companies House of the relevant Court order, together with a statement of capital, is expected to take effect on 1 August 2013.\n \nFollowing the Capital Reduction both classes of Deferred Shares and the balances standing to the credit of the share premium account and the capital redemption reserve of the Company will have been cancelled. The balance on the share premium account will include for this purpose any additional share premium arising before 31 July 2013. The Capital Reduction will be sufficient to write off the entirety of the deficit on its profit and loss account, and create a small positive balance. Following the Capital Reduction, there will be no change in the number of Ordinary Shares in issue. \n \n \nFor further information, please contact: \n \n\n\n\n\nVela Technologies plc\nBrent Fitzpatrick\nNon-Executive Director \n\n\nEmail: [email protected] \n \n\n\n\n\nZAI Corporate Finance Limited\nNomad \nPeter Trevelyan-Clark / Wei Wang \n\n\nTel: 020 7060 2220\n\n\n\n\n\nPeterhouse Corporate Finance Limited\nBroker \nEran Zucker\n\n\nTel: 020 7469 0932\n\n\n\n\n\n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END STRSDIFLFFDSEFW\n ","length":3612,"tagName":"div"}]