REG - Breedon Group PLC - Outcome of Court Hearing on Reduction of Capital

BreedonAnnouncement

06/06/2023 17:15

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RNS Number : 8555B  Breedon Group PLC  06 June 2023

6 June 2023

LEI: 213800DQGNQE3X76WS92

BREEDON GROUP PLC

(the "Company")

Outcome of Court Hearing on Reduction of Capital

The Company announces that the reduction of capital involving: (i) the
reduction of the nominal value of the ordinary shares of £1.40 each in the
capital of the Company to £0.01 each, (ii) the cancellation of the 14,286
subscription shares of £3.50 each in the capital of the Company, and (iii)
the cancellation of the share premium account of the Company (the "Capital
Reduction") was approved earlier today by the High Court of Justice of England
and Wales (the "Court").

Details of the Capital Reduction were set out in the prospectus of the Company
dated 11 May 2023.

The Court order approving the Capital Reduction and a statement of capital
approved by the Court are expected to be registered by the Registrar of
Companies no later than Tuesday 20 June 2023.

The Capital Reduction will not affect the number of ordinary shares in issue.
Assuming that no further shares are issued prior to the Capital Reduction
becoming effective, the issued share capital of the Company following the
Capital Reduction is expected to consist of 338,901,668 ordinary shares of
£0.01 each.

Enquiries:

 Breedon Group plc                                +44 (0) 1332 694010
 Rob Wood, Chief Executive Officer
 James Brotherton, Chief Financial Officer
 Louise Turner-Smith, Head of Investor Relations  +44 (0) 7860 911909

 MHP (Public relations adviser)                   +44 (0) 20 3128 8193
 Reg Hoare, Rachel Farrington, Charles Hirst      breedon@mhpgroup.com

 

 

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