Last checked at 1 May 2018 15:53
1 May 2018
Thruvision Group plc
("Thruvision")
Capital Reduction Effective
Thruvision (AIM: THRU) the specialist provider of people-screening technology to the international security market, announces that the High Court has approved the cancellation of the share premium account and the capital redemption reserve of the Company (the "Capital Reduction"). Following approval by shareholders and the approval of the High Court and the subsequent registration of the Court order with the Registrar of Companies, the Capital Reduction has now become effective. As a consequence of the Capital Reduction the sums of £109,078,000 standing to the credit of the share premium account of the Company and £4,786,000 standing to the credit of the capital redemption reserve of the Company were cancelled thereby creating distributable reserves.
The Capital Reduction has no effect on the overall net asset position of the Company.
Details of the Capital Reduction proposals were contained in the Notice for the General Meeting, dated 12 March 2018, and were approved by shareholders at the Company's General Meeting on 28 March 2018.
For further information please contact:
Thruvision Group plc +44 (0)20 3553 5888
Tom Black, Executive Chairman
Colin Evans, Managing Director
Investec Bank plc +44 (0)20 7597 5970
Andrew Pinder / Sebastian Lawrence / Patrick Robb
FTI Consulting LLP +44 (0)20 3727 1000
Matt Dixon / Harry Staight
About Thruvision
Thruvision Group plc is a specialist provider of people-screening technology that can detect weapons, explosives and contraband hidden under clothing. Developed with extensive support from the British and US Governments, Thruvision technology is operationally proven and is being used to enhance the security of transport hubs, borders, high profile buildings and public areas.
www.thruvision.com