Distribution Finance Capital Holdings Plc

 (the "Company")

Reduction of Capital Effective

At the Company's annual general meeting on 24 May 2023 (the "AGM"), a resolution was passed to cancel the Company's share premium account. The purpose of the proposed cancellation was to create additional distributable reserves and to provide the Company with greater flexibility and headroom in the future to: pay ordinary course dividends; undertake a share buyback; redeem preference shares; or to fund purchases by its Employee Benefit Trust of shares in the capital of the Company. As set out in the notice of the AGM, the Directors intend to apply £50,000 of the distributable reserves which the capital reduction has created to fund the redemption by the Company of the 50,000 non-voting redeemable preference shares of £1.00 each in the capital of the Company.  

To be effective, the cancellation required Court approval and the Company is pleased to announce that Court approval has now been obtained and the cancellation is effective. This follows the Court order approving the reduction of capital which was registered with Companies House on 29 June 2023.

Enquiries:

Distribution Finance Capital Holdings plc       

Karen D'Souza - General Counsel and Company Secretary          +44 (0) 7715 317041

http://www.dfcapital-investors.com

Investec Bank plc (Nomad and Broker)                                           +44 (0) 207 597 5970

David Anderson

Bruce Garrow

Harry Hargreaves

Maria Gomez de Olea

Liberum Capital Limited (Joint Broker)                                           +44 (0) 203 100 2000

Chris Clarke

Lauren Kettle

Antonia Brown