Business
Completion of Capital Reorganisation
Completion of Capital Reorganisation.
About this update from Touchstar Plc
[{"type":"text","content":"\n \nRNS Number : 8074D Touchstar PLC 11 July 2016 \n\n11 July 2016\nTouchstar plc\n \nCompletion of Capital Reorganisation\n \nThe Board of Touchstar plc ((AIM:TST) 'Touchstar', the 'Company' or 'the Group'), specialists in real time data capture and mobile computing solutions for the retail, logistics and transportation sector is pleased to announce that it has received approval from the Scottish Court to the reduction of the Company's share capital (the \"Capital Reduction\"). The principal purpose of the Capital Reduction, (details of which were set out in the Circular to shareholders dated 28 April 2016) is to create realised profits sufficient to eliminate the accrued deficit on the Company's profit and loss account. \n \nFollowing registration of the Court order at Companies House, the Capital Reduction took effect on 1 July 2016. The Company has given certain undertakings to the Court in relation to the reserve arising on the Capital Reduction for the protection of the Company's creditors at the date on which the Capital Reduction took effect.\n \nFor further information please contact:\n \n\n\n\n\nTouchstar plc\n\n\nIan Martin\nMark Hardy\n\n\n01274 741860\n01274 741860\n\n\n\n\nWH Ireland - Nominated Adviser \n\n\nMike Coe/Ed Allsopp\n\n\n0117 945 3472\n\n\n\n\nWH Ireland - Investor Relations\n\n\nJessica Metcalf\n\n\n0113 394 6623 \n\n\n\n\n \nInformation on Touchstar plc can be seen at: www.touchstarplc.com\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END CAREAPXFFSXKEEF\n ","length":3890,"tagName":"div"}]