9 Jul 2009 15:31
| Press Release | 9 July 2009 |
The following amendment has been made to the 'Issue & Cancellation of Bonues Shares' announcement released on 0700hrs on 9 July 2009 under RNS#3737V.
The title of the announcement should be 'Issue & Cancellation of Bonus Shares'.
All other details remain unchanged.
Lighthouse Group plc
('Lighthouse' or 'the Company')
Issue and Cancellation of Bonus Shares
Lighthouse Group plc (AIM: LGT), the UK's largest autonomous Independent Financial Advice and Wealth Management group, is pleased to announce the conclusion of the capital reorganisation authorised by the resolutions passed at the Company's AGM on 3 June 2009.
The Company has now obtained the necessary Court approval to give effect to the elimination of its merger reserve and the increase in its distributable reserves.
This was achieved by the capitalisation of the merger reserve, by means of a bonus issue of a total of 330,081,600 new ordinary shares of 1 pence each on 7 July 2009, and the subsequent cancellation of those shares approved by means of an order of the High Court of Justice granted on 8 July 2009.
Following the Court order taking effect upon it being registered by the Registrar of Companies, the authorised share capital of the Company will remain 200,000,000 ordinary shares of 1 pence each, of which 127,700,298 ordinary shares are in issue.
- Ends -
For further information, please contact:
| Lighthouse Group plc | |
| Mark Ross, Group Risk Director & Company Secretary | Tel: +44 (0) 870 1977 458 |
| Peter Smith, Group Finance Director | Tel: +44 (0) 117 933 0754 |
| www.lighthousegroup.plc.uk | |
| Shore Capital and Corporate Limited | Tel: +44 (0) 20 7408 4090 |
| (Nominated Adviser to the Company) | |
| Dru Danford / Stephane Auton |
Media enquiries:
| Abchurch Communications | Tel: +44 (0) 20 7398 7700 |
| Heather Salmond / Nick Probert | Tel: +44 (0) 20 7398 7715 |
| nick.probert@abchurch-group.com | www.abchurch-group.com |
| Winningtons PR | |
| Tom Cooper | Tel: +44(0)117 920 0092 |
| tom.cooper@winningtons.co.uk | www.winningtons.co.uk |
Notes to Editors
About Lighthouse Group plc
Lighthouse Group is the largest autonomous provider of independent financial advice, wealth management and distribution of retail financial products in the UK, with in excess of £6 billion of funds under advice. The Group is cash generative, profitable and dividend paying.
Lighthouse Group provides support to approximately 900 IFAs across the UK who, in turn, provide fully independent financial planning advice to both private and corporate clients via its operating divisions including LighthouseCarrwood, LighthouseTemple, Falcon Group, LighthouseXpress, LighthouseFSAS, LighthouseGP and City Pensions.
Based in major operational centres across Britain, the Group has grown through both organic growth and key strategic acquisitions since being admitted to AIM in October 2000.