16 Nov 2016 07:00
Trans-Siberian Gold plc
Capital reduction
LONDON: 16 November 2016 - Trans-Siberian Gold plc ("TSG" or the "Company") (TSG.L) reported on 5 September that it intended to seek the approval of both its shareholders and the High Court (the "Court") for a capital reduction, involving the cancellation of the Company's share premium account (the "Capital Reduction"), in order to create sufficient distributable profits to facilitate the future payment of dividends or other methods by which cash may be returned to shareholders. The Company reported on 29 September 2016 that the Capital Reduction had been approved by shareholders.
The Company is now pleased to report that the Capital Reduction has been approved by the Court and that the Court Order and a statement of capital approved by the Court have been filed with the Registrar of Companies, wherefore the Capital Reduction is now in effect.
Ends
Contacts
TSG |
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Contacts
TSG |
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Simon Olsen | + 44 (0) 7770 484965
| Simon Olsen | + 44 (0) 1480 811871 + 44 (0) 7770 484965 |
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Cantor Fitzgerald Europe | +44 (0) 207 894 7000 | Cantor Fitzgerald Europe | +44 (0) 207 894 7000 |
David Porter/Craig Francis/David Foreman (Corporate Finance) |
| David Foreman / Stewart Dickson (Corporate Finance) |
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| Jeremy Stephenson (Corporate Broking) |
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