Business
Result of Court Hearing
Result of Court Hearing.
About this update from Crimson Tide Plc
[{"type":"text","content":"\n \nRNS Number : 0523Q Crimson Tide PLC 24 February 2016 \n\n \nCRIMSON TIDE PLC\n \n(\"Crimson Tide\" or \"the Company\")\n \nRESULT OF COURT HEARING\n \nFurther to the announcement on 30 December 2015, Crimson Tide announces that the Court has confirmed the reduction of capital of the Company at a hearing earlier today and the Court order and statement of capital have been delivered to and registered by Companies House. The reduction of capital is therefore effective with the nominal value of each Ordinary Share in the Company reduced from one penny to 0.1 pence per share and the Company's Deferred Shares of 19 pence each, Share Premium Account and Capital Redemption Reserve cancelled. Trading in the shares with a nominal value of 0.1 pence will commence on 25 February 2016. \n \nDetails of the reduction of capital were set out in the Circular published by the Company on 30 December 2015.\nFor further information, please see www.crimsontide.co.uk / www.mpro5.com or contact:\n \nCrimson Tide plc\nBarrie Whipp 01892 542 444\nSteve Goodwin\n \nW.H. Ireland Limited\nJames Joyce / 020 7220 1666\nJames Bavister \n \nAllerton Communications \nPeter Curtain 020 3137 2500\n [email protected]\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCEASALADFKEFF\n ","length":3514,"tagName":"div"}]