19 March 2015
Carclo plc ("Carclo")
Court confirms capital reduction
The Company announces that at a hearing held yesterday, the High Court of Justice in England and Wales confirmed the reduction of the Company's share premium account and capital redemption reserve ("Capital Reduction") under section 648 of the Companies Act 2006.
Subject to office copies of the Court Order being delivered to and registered by the Registrar of Companies it is expected that the Capital Reduction will become effective today.
Enquiries: |
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Carclo plc |
01924 268040 |
Chris Malley, Chief Executive |
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Robert Brooksbank, Finance Director |
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Peel Hunt LLP |
0207 418 8900 |
Justin Jones |
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Jock Maxwell Macdonald |
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Mike Bell |
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N+1 Singer |
0207 496 3000 |
Shaun Dobson |
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Richard Lindley |
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Weber Shandwick Financial |
020 7067 0700 |
Nick Oborne |
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Tom Jenkins |
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Notes to editors
Carclo plc is a public company whose shares are quoted on the London Stock Exchange.
Carclo's strategy is to develop and expand its key manufacturing assets where there remain significant further opportunities to drive value. To enhance profit margins the group has been investing in new technologies.
Approximately three fifths of revenues are currently derived from the supply of fine tolerance, injection moulded plastic components, mainly for medical products. The balance of revenue is derived mainly from the design and supply of specialised injection moulded LED based lighting systems to the low volume premium automotive industry.
