31 Jul 2019 07:00
Non-Standard Finance plc(the 'Company' or the 'Group')31 July 2019
Capital Reductions Effective
The Board of Non-Standard Finance plc announces that the High Court of Justice in England and Wales (the 'Court') made an order yesterday confirming, as requested, the reduction of the Company's share capital and the reduction of the amount standing to the credit of the Company's share premium account (the 'Capital Reductions', as further described, respectively, in the notice of the 2019 AGM and in the Company's notice of General Meeting (the 'GM Notice')).
The Capital Reductions were, respectively, approved by shareholders of the Company on 21 May 2019 at the 2019 AGM and on 8 July 2019 at the General Meeting of the Company.
The order of the Court and a statement of capital approved by the Court have been registered with the Registrar of Companies and, accordingly, the Capital Reductions are now effective.
As a result of the Capital Reductions: (i) 5,070,234 ordinary shares of the Company that were purportedly repurchased by the Company between 2017 and 2019 have been cancelled; and (ii) £75,000,000 of the amount standing to the credit of the Company's share premium account has been cancelled.
Capitalised terms used but not defined in this announcement have the same meaning as set out in the GM Notice.
A copy of this announcement, the GM Notice and other public notices of the Company are available at www.nsfgroupplc.com.
For more information:
Non-Standard Finance plc Peter Reynolds, Director, IR and Communications | +44 (0) 20 3869 9026 |