GBG.L

GB Group Plc
GB Group PLC - Share Capital Reduction Update
22nd August 2024, 10:14
TwitterFacebookLinkedIn
To continue viewing RNS, please confirm that you are a Private Investor*

* A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

  1. Obtains access to the information in a personal capacity;
  2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
  3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
  4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
  5. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
  6. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
RNS Number : 4519B
GB Group PLC
22 August 2024
 

 

 

Thursday, 22 August 2024

 

GB GROUP PLC

("GBG" or the "Company")

 

Share Capital Reduction Update

 

GB Group plc, (AIM: GBG), the leading experts in global identity and location software, is pleased to announce that pursuant to an order issued by the High Court of Justice in England and Wales (the Court) dated 13 August 2024 for the cancellation of the amount standing to the credit of the Company's share premium account (the Capital Reduction), 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 on 15 August 2024. Accordingly, the Capital Reduction has now become effective.

 

Details of the Capital Reduction were set out in the Circular containing notice of the Company's Annual General Meeting held on 23 July 2024 (the AGM) and the Capital Reduction was approved by shareholders of the Company at the AGM. The Capital Reduction does not involve any distribution or payment of capital by the Company or any change in the nominal value of the Company's shares or the number of shares in issue.

 

For further information, please contact:

 

GBG

Annabelle Burton, Company Secretary

Richard Foster, Investor Relations

 

 

+44 (0) 1244 657333

+44 (0) 7816 124164

Deutsche Numis (Nominated Adviser and Corporate Broker)

Simon Willis & Joshua Hughes

 

 

 +44 (0) 0207 260 1000

Barclays (Corporate Broker)

Stuart Jempson & Robert Mayhew

 

 +44 (0) 0207 623 2323

 

Website

www.gbgplc.com/investors

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCQKBBDKBKDNFB]]>
TwitterFacebookLinkedIn