28 Sep 2016 15:00
28 September 2016
TP Group plc
("TP Group" or the "Company")
Reduction of Capital Effective
TP Group (AIM: TPG), the specialist technology, engineering and managed solutions group, announces that further to its announcements on 19 August 2016 and 8 September 2016, the Reduction of Capital is now effective following approval by the Court today and the registration of the Court Order at Companies House. The Company has given certain undertakings to the Court in relation to the reserve arising on the Reduction of Capital for the protection of the Company's creditors at the date on which the Reduction of Capital takes effect.
The Company confirms that following the Reduction of Capital, the total number of ordinary shares in issue remains unchanged at 422,464,726, with a new nominal value of 1p each.
Further details of the Reduction of Capital can be found in the circular dated 19 August 2016 (the "Circular"), which is available from the Company's website at http://www.tpgroup.uk.com/. All capitalised terms in this announcement are as defined in the Circular.
For further information, please contact:
TP Group plc | Tel: 01753 285 810 |
Phil Cartmell, Chief Executive Officer | |
Derren Stroud, Chief Financial Officer | |
www.tpgroup.uk.com | |
Cenkos | Tel: 020 7397 8980 |
Stephen Keys / Mark Connelly | |
www.cenkos.com | |
Vigo Communications | Tel: 020 7830 9700 |
Jeremy Garcia / Fiona Henson | |
www.vigocomms.com |
Notes to Editors
TP Group is a group of innovative UK based engineering companies, supplying technologies and support to global markets. TP Group designs and develops advanced technologies, engineers complex equipment and systems, and provides support throughout their operational life. The Company's shares have been traded on AIM since July 2001.