Cancellation of Share Premium Account

Tialis Essential IT PLC

07 October 2026

 

Tialis Essential IT plc

(the "Company")

7 October 2026

Cancellation of Share Premium Account and Deferred Shares

Tialis Essential IT plc (AIM: TIA), the mid-market IT Managed Services provider, is pleased to announce that yesterday the Court of Session in Scotland confirmed: (i) the cancellation of the sum standing to the credit of the Company's share premium account; and (ii) the cancellation and extinguishment of all of the issued and fully paid-up deferred shares in the Company (the "Reduction of Capital"). The Reduction of Capital will become effective on registration of the Court order at Companies House, which is expected to occur in the next few days.

The Reduction of Capital, as described in the Notice of Annual General Meeting dated 13 May 2026 and which is available on the Company's website (https://www.tialis.com), was approved by way of a special resolution passed by the shareholders of the Company at the Annual General Meeting held on 22 June 2026.

The purpose of the Reduction of Capital is to create additional distributable reserves to provide the Company with flexibility to conduct future share repurchases, pay dividends and make other distributions where considered appropriate by the Board in accordance with the Company’s capital allocation policy, and where permitted by the Companies Act 2006.

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