Last checked at 21 Dec 2023 17:31
21 December 2023
Future plc
("Future" or the "Company")
Capital Reduction effective
20 December 2023
Future announces that the Capital Reduction, comprising the Share Premium
Reduction and the Merger Reserve Reduction approved by shareholders at the Annual General Meeting held on 8 February 2023, is now effective.
This follows the confirmation of the Capital Reduction by the Companies Court, London on 19 December 2023 and the registration of the Court order with the Registrar of Companies in England and Wales on 20 December 2023.
The Capital Reduction creates additional distributable reserves to the value of
£472,951,225.18.
Terms used but not defined in this announcement are as defined in the Company's announcement of 10 November 2023.
Enquiries:
David Bateson
Company Secretary
Future plc
Tel: 01225 442244
LEI: 213800K2581YRLEXV353
About Future
We are the platform for creating and distributing trusted, specialist content, to build engaged and valuable global communities. We operate c.230 brands in diversified content verticals, with multiple market leading positions and three core monetisation frameworks: advertising, eCommerce affiliate and direct consumer monetisation (subscriptions and newstrade magazine sale). Our content is published and distributed through a range of formats including websites, email newsletters, videos, magazines and live events. The successful execution of our strategy is focused on three pillars: grow engaged audience, diversify and grow revenue per user and optimise the portfolio.