REG - GB Group PLC - Share Capital Reduction Update

GBAnnouncement

22/08/2024 11:15

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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                      +44 (0) 1244 657333

 Richard Foster, Investor Relations                       +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

 

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