REG - Bonhill Group PLC - Share Capital Reduction Confirmation

BonhillAnnouncement

26/04/2023 07:00

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RNS Number : 4362X  Bonhill Group PLC  26 April 2023

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

 

26 April 2023

 

Bonhill Group plc

("Bonhill", the "Company" or the "Group")

 

Share Capital Reduction Confirmation

 

Bonhill Group plc, (AIM: BONH) announces that the cancellation of the amounts
standing to the credit of its share premium account and the capitalisation of
the amounts standing to the credit of the Company's Merger Reserve by way of
the issuance of B ordinary shares in the capital of the Company and the
cancellation of such B ordinary shares (together the 'Capital Reduction'),
which were approved by shareholders at its general meeting held on 27 February
2023, have been sanctioned by the High Court of England and Wales (the 'High
Court'). The effect of the Capital Reduction is to increase the Company's
distributable reserves.

The order of the High Court confirming the Capital Reduction and the statement
of capital approved by the High Court in connection with the same, will
shortly be delivered to the Registrar of Companies. The Capital Reduction will
become effective upon the registration of the Court order by the Registrar of
Companies, which is expected to take place shortly following the delivery of
the order and statement of capital.

The Company confirms that, following the Capital Reduction, the issued share
capital of the Company remains at 119,288,687 ordinary shares of 1 penny each.
The total number of voting rights in the Company therefore remains
119,288,687.

 

For further enquiries please contact:

 Bonhill Group plc
 Jonathan Glasspool, Non-executive Chairman     +44 (0)20 7250 7963

 Sarah Thompson, Chief Financial Officer

 Shore Capital (Nominated Adviser and Broker)
 Tom Griffiths/David Coaten/ Tom Knibbs         +44 (0)20 7408 4050

 

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