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REG - Caspian Sunrise plc - UK High Court confirms Capital Reduction

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RNS Number : 7714P  Caspian Sunrise plc  22 June 2022

22 June 2022

 

Caspian Sunrise PLC

UK High Court confirms Capital Reduction

 

Introduction

The Board of Caspian Sunrise PLC ("Caspian Sunrise" or the "Company") is
pleased to report the UK High Court yesterday confirmed the Capital Reduction
approved by Caspian Sunrise shareholders on 22 April 2022.

 

Accordingly, the Company will now cancel its share premium and deferred
shares, which will create positive distributable reserves and remove the last
technical block to the future declaration of dividends.

 

Caspian Sunrise PLC

 

Clive Carver

Executive
Chairman
+7 727 375 0202

 

WH Ireland, Nominated Adviser & Broker

 

James
Joyce
+44 (0) 207 220 1666

Andrew de Andrade

 

This announcement has been posted to:

www.caspiansunrise.com/investors (http://www.caspiansunrise.com/investors)

 

The information contained within this announcement is deemed to constitute
inside information as stipulated under the retained EU law version of the
Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK
law by virtue of the European Union (Withdrawal) Act 2018. The information
is disclosed in accordance with the Company's obligations under Article 17 of
the UK MAR. Upon the publication of this announcement, this inside information
is now considered to be in the public domain.

 

 

 

 

 

 

 

 

 

 

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