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Tuesday, 13 February 2018

Reduction in share capital and cancellation of capital redemption and share premium reserves

     

Published: 17:56 CET 13-02-2018 /GlobeNewswire /Source: Crown Place VCT PLC / : CRWN /ISIN: GB0002577434

Reduction in share capital and cancellation of capital redemption and share premium reserves

Crown Place VCT PLC

 

Reduction in share capital and cancellation of capital redemption and share premium reserves

 

LEI Code 213800SYIQPA3L3T1Q68

 

Crown Place VCT PLC (the 'Company') obtained authority to reduce the nominal value of its ordinary shares from 10 pence to 1 penny and cancel the amount standing to the credit of its share premium and capital redemption reserves at the Annual General Meeting on 8 November 2017. The purpose of the proposal was to increase the distributable reserves available to the Company for the payment of dividends, the buy-back of shares, and for other corporate purposes.

 

The proposal received the consent of the Court on 13 February 2018, and the changes have been registered at Companies House. Therefore, with effect from 13 February 2018, the share capital of the Company will have a nominal value of 1 penny per share.

 

New share certificates will not be issued following these changes and existing certificates will remain valid.

 

For further information please contact:

 

Albion Capital Group LLP

Company Secretary

Tel: 020 7601 1850

 

13 February 2018





This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of Nasdaq Corporate Solutions clients. Source: Crown Place VCT PLC, 10 Crown Place, London EC2A 4FT, United Kingdom
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