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Gaming Realms Plc announced its Share Capital Reduction became effective on 1 August 2024, following the High Court of Justice's formal approval on 16 July 2024. This approval included the cancellation of the company's share premium account and the reduction of the nominal value of each ordinary share to £0.001. The Capital Reduction was approved by Shareholders on 12 June 2024, and the total number of ordinary shares in issue remains 294,826,444.
| Date | 2 Aug 2024 |
| Time | 17:00:01 |
| Category | Miscellaneous |
| ID | 0329Z |
2 August 2024
Gaming Realms Plc
("Gaming Realms", the "Company" or the "Group")
Share Capital Reduction
The Company is pleased to announce that, following formal approval by the High Court of Justice (the "Court") of the cancellation of the share premium account of the Company and the reduction in the nominal value of each issued fully paid-up ordinary share in the capital of the Company to £0.001 each (the "Capital Reduction") on 16 July 2024, the order of the Court confirming the Capital Reduction and statement of capital approved by the Court was registered with the Registrar of Companies on 1 August 2024 and, following their registration at Companies House, the Capital Reduction has become effective to enable the Company, as it wishes, to pay Shareholders dividends or to be used for other valid corporate purposes, such as the purchase of its own shares. There is no present intention to undertake any dividend or share buyback programme.
Details of the Capital Reduction are set out in the Company's notice of annual general meeting published by the Company on 20 May 2024 (the "Notice"). The Notice is available for inspection on the Company's website at https://www.gamingrealms.com/investors/reports/. The Capital Reduction was approved by Shareholders at a general meeting of the Company on 12 June 2024.
Following the Capital Reduction, the nominal value of each ordinary share in the Company is now £0.001. The number of ordinary shares of the Company in issue has not changed and consists of 294,826,444 ordinary shares.
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Gaming Realms plc |
0845 123 3773 |
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Michael Buckley, Executive Chairman Mark Segal, CEO Geoff Green, CFO |
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Peel Hunt LLP - NOMAD and joint broker |
020 7418 8900 |
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George Sellar Lalit Bose |
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Investec - Joint broker |
020 7597 4000 |
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Ben Farrow Lydia Zychowska
Yellow Jersey PR
Charles Goodwin Annabelle Wills Bessie Elliot |
07747 788 221 |
About Gaming Realms
Gaming Realms creates and licenses innovative games for mobile, with operations in the U.K., U.S., Canada and Malta. Through its unique IP and brands, Gaming Realms is bringing together media, entertainment and gaming assets in new game formats. As the creator of a variety of SlingoTM, bingo, slots and other games, we use our proprietary data platform to build and engage global audiences. The Gaming Realms management team includes accomplished entrepreneurs and experienced executives from a wide range of leading gaming and media companies.