Will It mean good tidings ?14 Aug 2020 19:30
The Capital Reduction increases the Company's distributable reserves and facilitates making future distributions to its shareholders, including the payment of dividends. The Capital Reduction does not result in any cash outflow nor does it impact the Company's profits. There is no change in the number of shares in issue or their nominal value. No new share certificates are being issued because of the Capital Reduction. The Capital Reduction itself does not involve any distribution or repayment of capital or share premium by the Company and does not reduce the underlying net assets of the Company.