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15 Dec 2021 15:31
15 December 2021
Made.com Group plc (the "Company")
Completion of Capital Reduction
As outlined in the Company's prospectus dated 16 June 2021 (the "Prospectus") and pursuant to a resolution of the Company passed on 15 June 2021, the Company is pleased to announce that on 30 November 2021 the High Court formally approved the cancellation of amount standing to the Company's share premium account (the "Capital Reduction"). The Court Order confirming the Capital Reduction, and a statement of capital approved by the Court, were registered with the Registrar of Companies on 15 December 2021 and accordingly the Capital Reduction is now effective.
The purpose of the Capital Reduction is to facilitate any future payments of dividends and other returns of cash to shareholders by creating distributable reserves. As noted in the Prospectus, the Company intends to retain any earnings to finance the growth and deployment of the business and therefore does not intend to pay a dividend at this time. The Company intends to revisit its dividend policy in future years and may revise its dividend policy from time to time.
The Capital Reduction did not change the number of the Company's ordinary shares in issue or their nominal value of £0.0001 each.
The Company's Prospectus can be found on the investor relations section of the Company's website.
Enquiries:
Scott Brooker
Deputy Company Secretary
Scott.brooker@made.com
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