24 Sep 2018 16:20
Castleton Technology PLC
("Castleton", the "Company" or the "Group")
Proposed Capital Reduction
Result of General Meeting
Castleton Technology PLC, the software and managed services provider to the public and not-for-profit sectors, announces that at the Company's General Meeting held earlier today, all Resolutions were duly passed.
The Capital Reduction, as described in the Circular that was sent to shareholders on 7 September 2018 and which is available at the Company's website (www.castletonplc.com), remains subject to the Court's approval and an application will now be made to the Court in this regard.
A further announcement will be issued in due course.
The purpose of the Capital Reduction is to create distributable reserves, which will allow the Company to make dividend payments at an appropriate time in the future.
Capitalised terms used herein but not defined have the same meanings as set out in the Circular.
Castleton Technology plc Dean Dickinson, Chief Executive Officer Haywood Chapman, Chief Financial Officer | Tel. +44 (0)845 241 0220
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finnCap Ltd Jonny Franklin-Adams / Simon Hicks (Corporate Finance) Andrew Burdis (ECM) | Tel. +44 (0)20 7220 0500
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MXC Capital Markets LLP Charlotte Stranner | Tel. +44(0)20 7965 1849
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Alma PRRebecca Sanders-Hewett / Helena Bogle | Tel. +44(0) 7780 901979 |
About Castleton Technology plc
Castleton Technology plc is a leading supplier of complementary software and managed services to the public and not-for-profit sectors. The Group is a 'one stop shop', providing integrated housing systems via the Cloud, working in partnership with its customers and resellers to help drive efficiencies whilst improving controls and customer service. www.castletonplc.com
The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.