Business
Cancellation of Share Premium Account
Cancellation of Share Premium Account.
About this update from Close Brothers Group Plc
[{"type":"text","content":"\n \nRNS Number : 2735Z Close Brothers Group PLC 13 December 2017 \n\nConfirmation of Cancellation of Share Premium Account\nClose Brothers Group plc (the \"Company\" or \"Close Brothers\") announces that the High Court of Justice of England and Wales has today made an order confirming the cancellation of the Company's share premium account and the crediting of the relevant sum to distributable profits (the \"Share Premium Cancellation\"). The Share Premium Cancellation was approved by shareholders at the Close Brothers Annual General Meeting held on 16 November 2017.\nThe Court order approving the Share Premium Cancellation and a statement of capital have today been registered with the Registrar of Companies. The Share Premium Cancellation is now effective, resulting in the amount that had been standing to the credit of the Company's share premium account (£307,762,365.31) being cancelled and credited to the Company's distributable profits. \nFurther information on the Share Premium Cancellation can be found in the Company's Notice of Annual General Meeting dated 12 October 2017 available at:\nwww.closebrothers.com/investor-relations/shareholder-information/annual-general-meeting\nFor further information please contact: \nJohn Hudspith\nDeputy Company Secretary\n020 7655 3100\nClose Brothers Group plc\nLEI code: 213800W73SYHR14I3X91\n13 December 2017\nAbout Close Brothers\nClose Brothers is a leading UK merchant banking group providing lending, deposit taking, wealth management services and securities trading. We employ around 3,200 people, principally in the UK. Close Brothers Group plc is listed on the London Stock Exchange and is a member of the FTSE 250.\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END CAREXLFFDLFFFBK\n ","length":2828,"tagName":"div"}]