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Dunedin Enterprise Investment Trust PLC announced the completion of the conversion of its £49.85 million capital redemption reserve into a distributable reserve. This process involved a Court order pronounced on 15 September 2021, confirming the cancellation of part of the Company's share capital, which was approved by a 2021 AGM special resolution. The Court order and a statement of capital were registered at Companies House on 21 September 2021.
| Date | 21 Sept 2021 |
| Time | 10:00:50 |
| Category | Capital structure |
| ID | 4564M |
Dunedin Enterprise Investment Trust PLC
LEI: 213800E2VLUZ5AF9Z434
Date: 21 September 2021
Completion of Conversion of Capital Redemption Reserve
Dunedin Enterprise Investment Trust PLC (the "Company") is pleased to announce that the final hearing in the Court process to convert its £49.85 million capital redemption reserve into a distributable reserve was held on 15 September 2021 and an order was pronounced by the Court (the "Order") confirming the cancellation of that part of the Company's share capital, which was approved by special resolution passed at the Company's 2021 annual general meeting (the "Reduction"). The Company is pleased to confirm that the Order has today been registered at Companies House together with a statement of capital approved by the Court. All steps required in connection with the Reduction have now been completed.
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