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Reach plc announced that its Capital Reduction became effective on 21 December 2023. This followed the registration by the Registrar of Companies of a High Court order, dated 15 December 2023, confirming the cancellation of the amount standing to the credit of the Company's share premium account. Shareholders had previously approved the Capital Reduction at a general meeting on 15 November 2023.
| Date | 21 Dec 2023 |
| Time | 13:30:00 |
| Category | Miscellaneous |
| ID | 6511X |
21 December 2023
Reach plc
("the Company")
Capital Reduction becomes effective
The Company is pleased to announce that, pursuant to an order issued by the High Court of Justice in England and Wales (the Court) for the cancellation of the amount standing to the credit of the Company's share premium account (the Capital Reduction) on 15 December 2023, the order of the Court confirming the Capital Reduction, and a statement of capital approved by the Court, were duly registered by the Registrar of Companies. Accordingly, the Capital Reduction has now become effective.
Details of the Capital Reduction were set out in the Circular containing notice of General Meeting published by the Company on 20 October 2023, and the Capital Reduction was approved by shareholders of the Company at a general meeting of the Company on 15 November 2023. The Capital Reduction does not involve any distribution or payment of capital by the Company.
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Enquiries |
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Reach plc |
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Jim Mullen, Chief Executive Officer Lorraine Clover, Company Secretary |
020 7293 3000 |
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Teneo |
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David Allchurch / Giles Kernick |
020 7353 4200 |
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LEI: 213800GNI5XF3XOATR61 Classification: 3.1. Additional regulated information required to be disclosed under the laws of the United Kingdom
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