9 Jul 2013 12:01
9 July 2013
Cancellation of Share Premium Account
At the Annual General Meeting of the Company held on 26 July 2012, a special resolution was passed approving the cancellation of an amount standing to the credit of the Company's share premium account, subject to the approval of the Court. Pursuant to the approval obtained from shareholders, in order for the cancellation to take effect the required court approvals had to be obtained and registered prior to the Company's next AGM (scheduled for 25 July 2013).
The Company is pleased to announce that, following the approval of the Court and the subsequent registration of the Court order with the Registrar of Companies, the cancellation has now become effective and £53,725,966, previously held in the share premium account, has been transferred to the Company's special reserve account.
For more information, please visit www.torotrak.com or contact:
Jeremy Deering , Chief Executive | Simon Hudson | Marc Milmo |
Lulu Bridges | Karri Vuori Carl Holmes | |
Torotrak Plc | Tavistock Communications | Charles Stanley Securities |
Tel: +44 1772 900931 | Tel: +44 20 7920 3150 | Tel: +44 20 7149 6000 |