Silverwood Brands PLC - holding company established to invest primarily in branded consumer businesses - Announces capital reduction approved by shareholders last month was confirmed by the court on Tuesday. However, trading of shares on Aquis Growth Market will not restored, as initially expected. This is because the capital reduction only takes effect when the court order is registered by the UK Registrar of Companies. Despite the company's lawyers lodging the court order with the Registrar of Companies on Friday and paying for expedited registration, the Registrar of Companies has not yet registered the court order. Says it has been advised that registration of the order could take eight to 10 days. Says a further announcement will be made in "due course".
Current stock price: 30.00 pence
12-month change: down 64%
By Greg Rosenvinge, Alliance News senior reporter
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