REG - Carclo plc - Court confirms Capital Reduction <Origin Href="QuoteRef">ARBB.L</Origin> <Origin Href="QuoteRef">C1Y.L</Origin> <Origin Href="QuoteRef">STBS.L</Origin>

Arbuthnot BankingAnnouncement

19/03/2015 07:01

RNS Number : 8403H
Carclo plc
19 March 2015
19 March 2015
Carclo plc ("Carclo")
Court confirms capital reduction
The Company announces that at a hearing held yesterday, the High Court of Justice in England and Wales confirmed the reduction of the Company's share premium account and capital redemption reserve ("Capital Reduction") under section 648 of the Companies Act 2006. 
Subject to office copies of the Court Order being delivered to and registered by the Registrar of Companies it is expectedthat the Capital Reduction will become effective today. 
Enquiries:



Carclo plc
01924 268040
Chris Malley, Chief Executive

Robert Brooksbank, Finance Director





Peel Hunt LLP
0207 418 8900
Justin Jones

Jock Maxwell Macdonald

Mike Bell



N+1 Singer
0207 496 3000
Shaun Dobson

Richard Lindley



Weber Shandwick Financial
020 7067 0700
Nick Oborne 

Tom Jenkins

Notes to editors
Carclo plc is a public company whose shares are quoted on the London Stock Exchange.
Carclo's strategy is to develop and expand its key manufacturing assets where there remain significant further opportunities to drive value. To enhance profit margins the group has been investing in new technologies.
Approximately three fifths of revenues are currently derived from the supply of fine tolerance, injection moulded plastic components, mainly for medical products. The balance of revenue is derived mainly from the design and supply of specialised injection moulded LED based lighting systems to the low volume premium automotive industry.

This information is provided by RNS
The company news service from the London Stock Exchange
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