Business
Confirmation of Reduction of Capital
Confirmation of Reduction of Capital.
About this update from Plexus Holdings
[{"type":"text","content":"\n \nRNS Number : 2730Y Plexus Holdings Plc 08 May 2019 \n\nPlexus Holdings PLC / Index: AIM / Epic: POS / Sector: Oil Equipment & Services\n \n \n \n \nThis announcement contains inside information\n \nPlexus Holdings PLC ('Plexus' or 'the Company')\nConfirmation of Reduction of Capital\n \nPlexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering, is pleased to announce that the High Court of Justice in England and Wales (the \"Court\") made an order on 7 May 2019 confirming the cancellation of the Company's Share Premium Account under section 648 of the Companies Act 2006 (the \"Court Order\").\nThe Court Order and a statement of capital approved by the Court were subsequently registered with the Registrar of Companies for England and Wales, and accordingly, the Reduction of Capital is now effective.\nFurther details of, inter alia, the background to and reasons for the proposed cancellation of the Company's Share Premium Account are set out in the Circular. The Circular is available on the Company's website at www.plexusplc.com. Terms defined in the Circular have the same meanings in this announcement. \n**ENDS**\n \nFor further information please visit www.posgrip.com or contact:\n\n\n\n\nBen van Bilderbeek\n\n\nPlexus Holdings PLC \n\n\nTel: 020 7795 6890\n\n\n\n\nGraham Stevens\n\n\nPlexus Holdings PLC\n\n\nTel: 020 7795 6890\n\n\n\n\nDerrick Lee\n\n\nCenkos Securities PLC\n\n\nTel: 0131 220 9100\n\n\n\n\nFrank Buhagiar\n\n\nSt Brides Partners Ltd\n\n\nTel: 020 7236 1177\n\n\n\n\nIsabel de...