Last checked at 4 Aug 2016 14:36
SysGroup plc
("SysGroup" or the "Company" or the "Group")
Capital Reduction Effective
SysGroup is pleased to announce that, further to its announcements on 15 June and 5 July 2016, the cancellation of the Company's share premium account has today became effective following registration of the court order confirming the capital reduction by the Registrar of Companies at Companies House.
As a result the paid up amount on each ordinary share has been reduced by £0.19 (19 pence) altering the nominal value of each ordinary share to £0.01 (1 penny). In addition, the Company now has positive distributable reserves and is therefore in a position to be able to pay dividends in future, should it be appropriate to do so.
For further information please contact:
SysGroup plc Chris Evans, Chief Executive
| Tel: 0151 559 1777 |
Shore Capital (Nomad and Broker) Bidhi Bhoma / Edward Mansfield
| Tel: 020 7408 4090 |
Newgate Communications Bob Huxford / Adam Lloyd / Ed Treadwell | Tel: 020 7653 9848 |
About SysGroup
SysGroup is a leading provider of Cloud Hosting, Managed Services and expert IT Consultancy. The Group delivers solutions that ensure clients understand and benefit from industry-leading technologies and advanced hosting capabilities. The SysGroup team focuses on a customer's strategic and operational requirements - enabling them to free up resources, grow their core business and avoid the distractions and complexity of delivering IT services.
The Group has offices in Liverpool, Coventry, London and East Sussex.
For more information, visit http://www.sysgroup.com