Business
Cancellation of share premium account
Cancellation of share premium account.
About this update from Sabre Insurance Group Plc
[{"type":"text","content":"\n \nRNS Number : 7604S Sabre Insurance Group PLC 27 June 2018 \n\n \n \n \n27 June 2018\nFor immediate release\n \nSabre Insurance Group plc (the \"Company\")\nCancellation of share premium account\nAs contemplated in the Company's IPO prospectus dated 23 November 2017 and pursuant to a shareholder resolution passed on 21 November 2017, the Company is pleased to announce that it has completed a reduction of capital, whereby £205,120,550.67 standing to the credit of the Company's share premium account was cancelled and an equivalent amount has been credited to the Company's distributable reserves (the \"Cancellation\"). The Cancellation was confirmed by an order of the High Court of Justice of England and Wales and became effective on 26 June 2018.\nFor further information please contact:\nAnneka Kingan\nCompany Secretary\nTel: 01306 735958\nSabre Insurance Group plc\nLEI code: 2138006RXRQ8P8VKGV98\n\nThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com. END MSCGCGDLIUDBGIR\n ","length":1951,"tagName":"div"}]